First Trust SMID Cap Rising Dividend Achievers ETF

SDVY

Market cap $10.6B

Making its debut on 11/01/2017, smart beta exchange traded fund First Trust SMID Cap Rising Dividend Achievers ETF (SDVY) provides investors broad exposure to the Style Box - Mid Cap Value category of the market.

First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) targets smaller companies with growing dividends, but that dividend story has gotten complicated.

SDVY's Index underwent a significant strategy change in March 2025, and results since then have been excellent. This article breaks down the changes and SDVY's new fundamentals in detail. Key impacts include a revised reconstitution schedule that allows for better responsiveness in fast-changing markets and a higher and dynamic holdings count, currently at 176 vs. 100 previously. Fundamentally, SDVY is very attractive from a growth, value, and quality perspective. However, it's unclear if these advantages will persist. I also found some of SDVY's screens questionable and unhelpful.

If you're interested in broad exposure to the Mid Cap Value segment of the US equity market, look no further than the First Trust SMID Cap Rising Dividend Achievers ETF (SDVY), a passively managed exchange traded fund launched on November 1, 2017.

Ergawealth Advisors, Inc. sold 126,710 shares of SDVY, an estimated $4.81 million transaction based on quarterly average pricing. The quarter-end SDVY position value decreased by approximately $4.80 million, reflecting both trading and stock price movement.

The First Trust SMID Cap Rising Dividend Achievers ETF (SDVY) made its debut on 11/01/2017, and is a smart beta exchange traded fund that provides broad exposure to the Style Box - Mid Cap Value category of the market.

Richmond sold 206,264 SDVY shares, decreasing position value by $6.31 million. The sale represents a 1.42% shift in 13F reportable AUM.

Uniting Wealth Partners bought 200,141 shares of First Trust SMID Cap Rising Dividend Achievers ETF, worth around $7.61 million at the end of Q3. SDVY accounts for 1.8% of the firm's AUM, placing it in the fund's top ten holdings.

Uniting Wealth Partners bought 200,141 shares of First Trust SMID Cap Rising Dividend Achievers ETF, worth around $7.61 million at the end of Q3. SDVY accounts for 1.8% of the firm's AUM, placing it in the fund's top ten holdings.

The Index tracked by the First Trust SMID Cap Rising Dividend Achievers updated its strategy in March, and from a total returns and fundamentals perspective, the update was positive. Now holding nearly double the number of securities at 181, SDVY is better able to respond to fast-changing markets with frequent sub-portfolio reconstitutions. My analysis reveals SDVY has solved its earnings growth problem, with current components averaging nearly 13% annualized growth over the last three years and a further 10% expected next year.