LaSalle St. Investment Advisors LLC Grows Stock Position in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY)

LaSalle St. Investment Advisors LLC increased its stake in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 17.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 7,342 shares of the company’s stock after acquiring an additional 1,101 shares during the period. LaSalle St. Investment Advisors LLC’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $263,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the company. Raymond James Financial Inc. purchased a new position in First Trust SMID Cap Rising Dividend Achievers ETF during the 4th quarter valued at $381,301,000. LPL Financial LLC increased its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 22.0% in the 4th 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. Wells Fargo & Company MN lifted its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 20.6% during the 4th quarter. Wells Fargo & Company MN now owns 12,732,120 shares of the company’s stock valued at $456,447,000 after buying an additional 2,172,523 shares in the last quarter. Independent Advisor Alliance purchased a new stake in First Trust SMID Cap Rising Dividend Achievers ETF in the 4th quarter valued at about $50,719,000. Finally, HighTower Advisors LLC boosted its position in First Trust SMID Cap Rising Dividend Achievers ETF by 79.1% in the 4th 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.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Performance

Shares of NASDAQ:SDVY opened at $31.50 on Tuesday. The firm’s 50 day simple moving average is $34.06 and its 200-day simple moving average is $36.16. First Trust SMID Cap Rising Dividend Achievers ETF has a one year low of $28.84 and a one year high of $40.60. The firm has a market cap of $7.35 billion, a PE ratio of 13.43 and a beta of 1.18.

First Trust SMID Cap Rising Dividend Achievers ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were issued a dividend of $0.1576 per share. This is an increase 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.

About First Trust SMID Cap Rising Dividend Achievers 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.