Uniting Wealth Partners' Investment: The firm acquired 200,141 shares of the First Trust SMID Cap Rising Dividend Achievers ETF (SDVY) for approximately $7.61 million, representing 1.8% of its assets under management (AUM).
Growth in AUM: Uniting Wealth Partners saw a significant increase in AUM from $258.6 million in Q2 to $423.7 million in Q3, along with an expansion in the number of holdings from around 115 to nearly 200.
Focus on Dividend Growth: The investment in SDVY aligns with the firm's strategy of targeting dividend-paying companies, as evidenced by its largest holding, Walmart, which has a long history of dividend increases.
ETF Characteristics: The First Trust SMID Cap Rising Dividend Achievers ETF focuses on U.S. small- and mid-cap equities with a history of dividend growth, appealing to investors seeking both income and capital appreciation.
Wall Street analysts forecast SDVY stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SDVY is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Wall Street analysts forecast SDVY stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SDVY is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 40.940
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Current: 40.940
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
