Foundations Investment Advisors LLC Has $10.08 Million Holdings in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Foundations Investment Advisors LLC grew its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 46.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 264,987 shares of the company’s stock after acquiring an additional 83,666 shares during the quarter. Foundations Investment Advisors LLC owned 0.11% of First Trust SMID Cap Rising Dividend Achievers ETF worth $10,075,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in SDVY. Harbour Investments Inc. grew its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 472.9% during the 2nd quarter. Harbour Investments Inc. now owns 2,835,642 shares of the company’s stock valued at $100,041,000 after purchasing an additional 2,340,638 shares during the last quarter. Commonwealth Equity Services LLC boosted its position in 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 in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 29.9% during the second 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 during the last quarter. Richmond Investment Services LLC grew its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 103.2% during the second quarter. Richmond Investment Services LLC now owns 560,714 shares of the company’s stock worth $19,782,000 after buying an additional 284,745 shares during the last quarter. Finally, Osaic Holdings Inc. increased its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 11.2% during the second quarter. Osaic Holdings Inc. now owns 2,744,843 shares of the company’s stock worth $96,848,000 after buying an additional 275,395 shares in the last quarter.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Performance

Shares of SDVY opened at $40.55 on Friday. First Trust SMID Cap Rising Dividend Achievers ETF has a 52 week low of $28.84 and a 52 week high of $41.33. The stock has a market capitalization of $10.14 billion, a price-to-earnings ratio of 14.54 and a beta of 1.12. The stock has a fifty day moving average of $39.25 and a 200-day moving average of $38.00.

First Trust SMID Cap Rising Dividend Achievers ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were given a $0.1305 dividend. This is a boost from First Trust SMID Cap Rising Dividend Achievers ETF’s previous quarterly dividend of $0.10. This represents a $0.52 annualized dividend and a yield of 1.3%. The ex-dividend date was Friday, December 12th.

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.