Blue Chip Partners LLC Boosts Holdings in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Blue Chip Partners LLC lifted its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 2.8% during the first quarter, HoldingsChannel reports. The firm owned 607,551 shares of the company’s stock after purchasing an additional 16,720 shares during the quarter. First Trust SMID Cap Rising Dividend Achievers ETF comprises about 1.7% of Blue Chip Partners LLC’s holdings, making the stock its 25th largest holding. Blue Chip Partners LLC’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $23,956,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. LPL Financial LLC grew its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 4.8% during the 4th 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 in the last quarter. Morgan Stanley increased its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 0.7% during the 4th quarter. Morgan Stanley now owns 17,946,856 shares of the company’s stock worth $687,724,000 after buying an additional 130,885 shares during the period. Raymond James Financial Inc. lifted its holdings in 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 in 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 3rd quarter. Bank of America Corp DE now owns 7,982,389 shares of the company’s stock worth $303,486,000 after buying an additional 614,123 shares in the last quarter. Finally, Cetera Investment Advisers lifted its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 2.9% in the 1st quarter. Cetera Investment Advisers now owns 7,943,362 shares of the company’s stock worth $313,207,000 after buying an additional 227,423 shares in the last quarter.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Performance

Shares of SDVY opened at $43.28 on Monday. The company has a market capitalization of $11.44 billion, a P/E ratio of 14.54 and a beta of 1.01. First Trust SMID Cap Rising Dividend Achievers ETF has a one year low of $35.03 and a one year high of $43.82. The stock has a 50-day moving average price of $42.30 and a 200 day moving average price of $41.44.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were issued a $0.0901 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Thursday, June 25th.

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.