Gateway Wealth Partners LLC Has $13.84 Million Stock Holdings in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Gateway Wealth Partners LLC boosted its stake in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY – Free Report) by 138.9% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 351,046 shares of the company’s stock after buying an additional 204,098 shares during the quarter. Gateway Wealth Partners LLC owned approximately 0.14% of First Trust SMID Cap Rising Dividend Achievers ETF worth $13,842,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Eagle Bay Advisors LLC acquired a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the fourth quarter worth $25,000. Oakworth Capital Inc. purchased a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the fourth quarter worth $25,000. Trust Co. of Vermont acquired a new stake in First Trust SMID Cap Rising Dividend Achievers ETF during the fourth quarter valued at $27,000. Smartleaf Asset Management LLC acquired a new stake in First Trust SMID Cap Rising Dividend Achievers ETF during the fourth quarter valued at $28,000. Finally, EQ Wealth Advisors LLC purchased a new position in First Trust SMID Cap Rising Dividend Achievers ETF in the fourth quarter valued at about $30,000.

First Trust SMID Cap Rising Dividend Achievers ETF Price Performance

Shares of SDVY stock opened at $43.28 on Monday. First Trust SMID Cap Rising Dividend Achievers ETF has a fifty-two week low of $35.03 and a fifty-two week high of $43.82. The stock’s 50-day moving average is $42.30 and its two-hundred day moving average is $41.44. The firm has a market cap of $11.44 billion, a P/E ratio of 14.54 and a beta of 1.01.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were issued a dividend of $0.0901 per share. This represents a $0.36 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Thursday, June 25th.

First Trust SMID Cap Rising Dividend Achievers ETF Company Profile

(Free Report)

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.

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