Chris Bulman Inc Purchases 19,587 Shares of First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Chris Bulman Inc raised its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 21.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 111,670 shares of the company’s stock after acquiring an additional 19,587 shares during the period. First Trust SMID Cap Rising Dividend Achievers ETF comprises about 1.9% of Chris Bulman Inc’s investment portfolio, making the stock its 14th largest holding. Chris Bulman Inc’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $4,279,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of SDVY. Raymond James Financial Inc. boosted its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 6.9% in the third quarter. Raymond James Financial Inc. now owns 12,844,014 shares of the company’s stock worth $488,323,000 after purchasing an additional 825,345 shares in the last quarter. Bank of America Corp DE increased its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 8.3% in the third quarter. Bank of America Corp DE now owns 7,982,389 shares of the company’s stock valued at $303,486,000 after buying an additional 614,123 shares in the last quarter. HighTower Advisors LLC increased its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 20.3% in the third quarter. HighTower Advisors LLC now owns 3,127,052 shares of the company’s stock valued at $118,890,000 after buying an additional 528,572 shares in the last quarter. Commonwealth Equity Services LLC raised its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 17.1% in the third quarter. Commonwealth Equity Services LLC now owns 3,384,431 shares of the company’s stock valued at $128,674,000 after buying an additional 494,306 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its position in First Trust SMID Cap Rising Dividend Achievers ETF by 29.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,939,333 shares of the company’s stock worth $68,420,000 after buying an additional 445,817 shares in the last quarter.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Down 1.4%

Shares of NASDAQ:SDVY opened at $38.71 on Friday. First Trust SMID Cap Rising Dividend Achievers ETF has a 12 month low of $28.84 and a 12 month high of $42.89. The company’s 50-day moving average price is $40.87 and its two-hundred day moving average price is $39.15. The firm has a market cap of $9.70 billion, a P/E ratio of 14.54 and a beta of 1.12.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th will be paid a $0.0976 dividend. This represents a $0.39 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Thursday, March 26th.

First Trust SMID Cap Rising Dividend Achievers ETF Profile

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.