Cwm LLC Buys 59,834 Shares of First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Cwm LLC increased its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 16.7% in the 3rd quarter, Holdings Channel reports. The firm owned 417,627 shares of the company’s stock after buying an additional 59,834 shares during the period. Cwm LLC’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $15,878,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Purus Wealth Management LLC raised its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 0.5% during the 2nd quarter. Purus Wealth Management LLC now owns 52,207 shares of the company’s stock valued at $1,842,000 after buying an additional 285 shares during the last quarter. Moloney Securities Asset Management LLC grew its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 2.9% in the second quarter. Moloney Securities Asset Management LLC now owns 10,260 shares of the company’s stock worth $362,000 after acquiring an additional 291 shares during the period. Farther Finance Advisors LLC grew its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 1.2% in the second quarter. Farther Finance Advisors LLC now owns 28,969 shares of the company’s stock worth $1,022,000 after acquiring an additional 333 shares during the period. Ameritas Advisory Services LLC lifted its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 0.8% in the second quarter. Ameritas Advisory Services LLC now owns 41,112 shares of the company’s stock valued at $1,450,000 after acquiring an additional 335 shares during the period. Finally, Founders Financial Securities LLC lifted its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 1.7% in the third quarter. Founders Financial Securities LLC now owns 19,939 shares of the company’s stock valued at $758,000 after acquiring an additional 337 shares during the period.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Down 0.1%

First Trust SMID Cap Rising Dividend Achievers ETF stock opened at $39.21 on Friday. First Trust SMID Cap Rising Dividend Achievers ETF has a 52-week low of $28.84 and a 52-week high of $39.60. The company has a market cap of $9.42 billion, a P/E ratio of 14.54 and a beta of 1.12. The business has a 50-day simple moving average of $38.08 and a two-hundred day simple moving average of $37.25.

First Trust SMID Cap Rising Dividend Achievers ETF Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Friday, December 12th will be given a dividend of $0.1305 per share. This represents a $0.52 annualized dividend and a yield of 1.3%. This is a positive change from First Trust SMID Cap Rising Dividend Achievers ETF’s previous quarterly dividend of $0.10. The ex-dividend date is Friday, December 12th.

About First Trust SMID Cap Rising Dividend Achievers ETF

The First Trust SMID Cap Rising Dividend Achievers ETF (SDVY) is an exchange-traded fund that mostly invests in extended market equity. The fund tracks an equal-weighted index of small- and mid-cap US companies with historically increasing dividends and that meet various fundamental criteria. SDVY was launched on Nov 1, 2017 and is managed by First Trust.