Anderson Financial Strategies LLC Has $2.89 Million Stake in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Anderson Financial Strategies LLC decreased its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 15.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 75,302 shares of the company’s stock after selling 14,137 shares during the quarter. First Trust SMID Cap Rising Dividend Achievers ETF accounts for approximately 1.7% of Anderson Financial Strategies LLC’s investment portfolio, making the stock its 16th largest position. Anderson Financial Strategies LLC’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $2,886,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Raymond James Financial Inc. lifted its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 9.8% in the 4th quarter. Raymond James Financial Inc. now owns 14,105,263 shares of the company’s stock valued at $540,514,000 after acquiring an additional 1,261,249 shares during the last quarter. LPL Financial LLC raised its position in First Trust SMID Cap Rising Dividend Achievers ETF by 4.8% in the fourth quarter. LPL Financial LLC now owns 24,892,169 shares of the company’s stock valued at $953,868,000 after purchasing an additional 1,135,800 shares during the last quarter. Axxcess Wealth Management LLC raised its position in First Trust SMID Cap Rising Dividend Achievers ETF by 4,508.1% in the fourth quarter. Axxcess Wealth Management LLC now owns 806,331 shares of the company’s stock valued at $30,899,000 after purchasing an additional 788,833 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 8.3% during 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 purchasing an additional 614,123 shares in the last quarter. Finally, JSF Financial LLC acquired a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the fourth quarter valued at about $22,029,000.

First Trust SMID Cap Rising Dividend Achievers ETF Trading Up 0.6%

NASDAQ:SDVY opened at $42.22 on Friday. The stock has a market cap of $10.93 billion, a P/E ratio of 14.54 and a beta of 1.01. The stock’s 50-day moving average is $41.71 and its 200-day moving average is $40.68. First Trust SMID Cap Rising Dividend Achievers ETF has a 1-year low of $34.21 and a 1-year high of $42.90.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were issued a $0.0976 dividend. This represents a $0.39 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Thursday, March 26th.

First Trust SMID Cap Rising Dividend Achievers ETF Company 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.