Accel Wealth Management Increases Stock Position in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY)

Accel Wealth Management increased its stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) by 8.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,389 shares of the company’s stock after purchasing an additional 605 shares during the quarter. Accel Wealth Management’s holdings in First Trust SMID Cap Rising Dividend Archievers ETF were worth $257,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of SDVY. Wells Fargo & Company MN lifted its holdings in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 81.4% during the fourth quarter. Wells Fargo & Company MN now owns 4,477,768 shares of the company’s stock worth $146,736,000 after purchasing an additional 2,009,597 shares during the period. Commonwealth Equity Services LLC lifted its holdings in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 159.1% during the fourth quarter. Commonwealth Equity Services LLC now owns 1,087,452 shares of the company’s stock worth $35,636,000 after purchasing an additional 667,805 shares during the period. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 127.5% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 1,124,901 shares of the company’s stock worth $36,863,000 after purchasing an additional 630,424 shares during the period. Raymond James & Associates lifted its holdings in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 29.7% during the fourth quarter. Raymond James & Associates now owns 2,579,613 shares of the company’s stock worth $84,534,000 after purchasing an additional 590,680 shares during the period. Finally, International Assets Investment Management LLC lifted its holdings in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 3,210.7% during the fourth quarter. International Assets Investment Management LLC now owns 593,004 shares of the company’s stock worth $18,096,000 after purchasing an additional 575,092 shares during the period.

First Trust SMID Cap Rising Dividend Archievers ETF Price Performance

Shares of NASDAQ SDVY opened at $33.11 on Friday. The stock has a fifty day moving average price of $33.71 and a 200 day moving average price of $33.15. First Trust SMID Cap Rising Dividend Archievers ETF has a 1-year low of $26.40 and a 1-year high of $34.97. The company has a market cap of $4.02 billion, a PE ratio of 8.30 and a beta of 1.18.

First Trust SMID Cap Rising Dividend Archievers ETF Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, June 27th were issued a $0.1503 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date of this dividend was Thursday, June 27th.

About First Trust SMID Cap Rising Dividend Archievers 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.