First Trust SMID Cap Rising Dividend Achievers ETF $SDVY Position Raised by Baron Wealth Management LLC

Baron Wealth Management LLC lifted its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 13.3% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 187,931 shares of the company’s stock after acquiring an additional 22,062 shares during the quarter. First Trust SMID Cap Rising Dividend Achievers ETF comprises approximately 2.2% of Baron Wealth Management LLC’s portfolio, making the stock its 7th largest holding. Baron Wealth Management LLC’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $7,410,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Raymond James Financial Inc. boosted 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 worth $540,514,000 after buying an additional 1,261,249 shares during the last quarter. LPL Financial LLC increased its position in First Trust SMID Cap Rising Dividend Achievers ETF by 4.8% during the fourth quarter. LPL Financial LLC now owns 24,892,169 shares of the company’s stock valued at $953,868,000 after acquiring an additional 1,135,800 shares during the last quarter. Axxcess Wealth Management LLC increased its position in First Trust SMID Cap Rising Dividend Achievers ETF by 4,508.1% during the fourth quarter. Axxcess Wealth Management LLC now owns 806,331 shares of the company’s stock valued at $30,899,000 after acquiring an additional 788,833 shares during the last quarter. Bank of America Corp DE lifted its holdings in 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 acquiring an additional 614,123 shares during the period. Finally, JSF Financial LLC purchased a new position in First Trust SMID Cap Rising Dividend Achievers ETF in the fourth quarter worth about $22,029,000.

First Trust SMID Cap Rising Dividend Achievers ETF Price Performance

First Trust SMID Cap Rising Dividend Achievers ETF stock opened at $42.22 on Friday. The business has a 50-day simple moving average of $41.73 and a two-hundred day simple moving average of $40.69. The company has a market cap of $10.93 billion, a P/E ratio of 14.54 and a beta of 1.01. First Trust SMID Cap Rising Dividend Achievers ETF has a 52-week low of $34.21 and a 52-week 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. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $0.39 dividend on an annualized basis and a dividend yield of 0.9%.

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.