FSB Premier Wealth Management Inc. Has $3.96 Million Stock Position in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY)

FSB Premier Wealth Management Inc. lifted its position in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) by 54.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 110,468 shares of the company’s stock after acquiring an additional 38,778 shares during the period. First Trust SMID Cap Rising Dividend Archievers ETF comprises approximately 1.6% of FSB Premier Wealth Management Inc.’s holdings, making the stock its 12th largest position. FSB Premier Wealth Management Inc.’s holdings in First Trust SMID Cap Rising Dividend Archievers ETF were worth $3,960,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in SDVY. Raymond James Financial Inc. purchased a new position in First Trust SMID Cap Rising Dividend Archievers ETF during the 4th quarter worth approximately $381,301,000. LPL Financial LLC boosted its position in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 22.0% in the fourth quarter. LPL Financial LLC now owns 21,935,886 shares of the company’s stock worth $786,401,000 after buying an additional 3,948,772 shares during the period. Independent Advisor Alliance purchased a new position in shares of First Trust SMID Cap Rising Dividend Archievers ETF during the fourth quarter valued at $50,719,000. HighTower Advisors LLC raised its position in First Trust SMID Cap Rising Dividend Archievers ETF by 79.1% during the fourth quarter. HighTower Advisors LLC now owns 2,398,427 shares of the company’s stock valued at $85,984,000 after buying an additional 1,059,353 shares during the period. Finally, Commonwealth Equity Services LLC lifted its stake in First Trust SMID Cap Rising Dividend Archievers ETF by 29.2% in the 4th quarter. Commonwealth Equity Services LLC now owns 2,702,167 shares of the company’s stock worth $96,873,000 after acquiring an additional 610,079 shares in the last quarter.

First Trust SMID Cap Rising Dividend Archievers ETF Price Performance

NASDAQ:SDVY opened at $33.39 on Monday. The stock has a market cap of $7.44 billion, a PE ratio of 13.43 and a beta of 1.18. First Trust SMID Cap Rising Dividend Archievers ETF has a fifty-two week low of $32.22 and a fifty-two week high of $40.60. The stock’s 50-day moving average is $35.62 and its two-hundred day moving average is $36.55.

First Trust SMID Cap Rising Dividend Archievers ETF Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 27th will be given a $0.1576 dividend. This is an increase from First Trust SMID Cap Rising Dividend Archievers ETF’s previous quarterly dividend of $0.14. The ex-dividend date is Thursday, March 27th. This represents a $0.63 dividend on an annualized basis and a yield of 1.89%.

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.