Cerity Partners LLC Purchases New Position in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY)

Cerity Partners LLC purchased a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 9,137 shares of the company’s stock, valued at approximately $299,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. LPL Financial LLC raised its position in First Trust SMID Cap Rising Dividend Achievers ETF by 15.8% during the third quarter. LPL Financial LLC now owns 6,870,147 shares of the company’s stock valued at $193,944,000 after purchasing an additional 935,420 shares during the period. Raymond James & Associates raised its position in First Trust SMID Cap Rising Dividend Achievers ETF by 29.7% during the fourth quarter. Raymond James & Associates now owns 2,579,613 shares of the company’s stock valued at $84,534,000 after purchasing an additional 590,680 shares during the period. Truist Financial Corp raised its position in First Trust SMID Cap Rising Dividend Achievers ETF by 260.8% during the third quarter. Truist Financial Corp now owns 2,167,156 shares of the company’s stock valued at $61,179,000 after purchasing an additional 1,566,457 shares during the period. Raymond James Financial Services Advisors Inc. raised its position in First Trust SMID Cap Rising Dividend Achievers ETF by 34.0% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 1,576,591 shares of the company’s stock valued at $51,665,000 after purchasing an additional 399,680 shares during the period. Finally, UBS Group AG raised its position in First Trust SMID Cap Rising Dividend Achievers ETF by 72.3% during the third quarter. UBS Group AG now owns 1,175,873 shares of the company’s stock valued at $33,195,000 after purchasing an additional 493,510 shares during the period.

First Trust SMID Cap Rising Dividend Achievers ETF Price Performance

Shares of SDVY stock opened at $33.30 on Friday. First Trust SMID Cap Rising Dividend Achievers ETF has a 1 year low of $24.70 and a 1 year high of $34.96. The stock’s 50 day simple moving average is $33.38 and its two-hundred day simple moving average is $31.46. The company has a market cap of $3.99 billion, a PE ratio of 7.92 and a beta of 1.18.

First Trust SMID Cap Rising Dividend Achievers ETF Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 22nd were issued a $0.1032 dividend. The ex-dividend date of this dividend was Thursday, March 21st. This represents a $0.41 annualized dividend and a dividend yield of 1.24%.

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.