Townsquare Capital LLC Purchases 1,317 Shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY)

Townsquare Capital LLC lifted its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 20.8% in the fourth quarter, HoldingsChannel reports. The fund owned 7,650 shares of the company’s stock after acquiring an additional 1,317 shares during the period. Townsquare Capital LLC’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $274,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of SDVY. Raymond James Financial Inc. bought a new stake in First Trust SMID Cap Rising Dividend Achievers ETF during the 4th quarter valued at $381,301,000. LPL Financial LLC grew its position in First Trust SMID Cap Rising Dividend Achievers ETF by 22.0% during the 4th quarter. LPL Financial LLC now owns 21,935,886 shares of the company’s stock worth $786,401,000 after purchasing an additional 3,948,772 shares during the period. Wells Fargo & Company MN lifted its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 20.6% in the fourth quarter. Wells Fargo & Company MN now owns 12,732,120 shares of the company’s stock valued at $456,447,000 after acquiring an additional 2,172,523 shares during the period. Independent Advisor Alliance acquired a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the fourth quarter worth about $50,719,000. Finally, HighTower Advisors LLC boosted its position in First Trust SMID Cap Rising Dividend Achievers ETF by 79.1% during the fourth quarter. HighTower Advisors LLC now owns 2,398,427 shares of the company’s stock worth $85,984,000 after purchasing an additional 1,059,353 shares in the last quarter.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Performance

NASDAQ:SDVY opened at $31.54 on Wednesday. First Trust SMID Cap Rising Dividend Achievers ETF has a fifty-two week low of $28.84 and a fifty-two week high of $40.60. The company has a fifty day moving average of $33.39 and a two-hundred day moving average of $35.95. The stock has a market capitalization of $7.33 billion, a PE ratio of 12.77 and a beta of 1.18.

First Trust SMID Cap Rising Dividend Achievers ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were issued a $0.1576 dividend. This is a boost from First Trust SMID Cap Rising Dividend Achievers ETF’s previous quarterly dividend of $0.14. This represents a $0.63 annualized dividend and a yield of 2.00%. The ex-dividend date of this dividend was Thursday, March 27th.

First Trust SMID Cap Rising Dividend Achievers ETF Company 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.