First Trust SMID Cap Rising Dividend Achievers ETF $SDVY Stock Position Trimmed by Horizon Advisory Services Inc.

Horizon Advisory Services Inc. lessened its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 6.8% during the 2nd quarter, Holdings Channel reports. The firm owned 22,465 shares of the company’s stock after selling 1,647 shares during the quarter. First Trust SMID Cap Rising Dividend Achievers ETF comprises 0.4% of Horizon Advisory Services Inc.’s portfolio, making the stock its 9th largest holding. Horizon Advisory Services Inc.’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $793,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Wagner Wealth Management LLC lifted its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 4.3% in the 2nd quarter. Wagner Wealth Management LLC now owns 456,314 shares of the company’s stock valued at $16,099,000 after buying an additional 18,713 shares during the period. National Bank of Canada FI lifted its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 162.6% in the 1st quarter. National Bank of Canada FI now owns 6,736 shares of the company’s stock valued at $225,000 after buying an additional 4,171 shares during the period. Fifth Third Bancorp lifted its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 120.9% in the 2nd quarter. Fifth Third Bancorp now owns 952 shares of the company’s stock valued at $34,000 after buying an additional 521 shares during the period. Envestnet Portfolio Solutions Inc. lifted its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 71.4% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 106,418 shares of the company’s stock valued at $3,565,000 after buying an additional 44,324 shares during the period. Finally, Sovran Advisors LLC lifted its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 20.6% in the 2nd quarter. Sovran Advisors LLC now owns 9,666 shares of the company’s stock valued at $350,000 after buying an additional 1,651 shares during the period.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Up 0.6%

Shares of SDVY stock opened at $37.84 on Thursday. The stock has a market cap of $8.93 billion, a PE ratio of 14.54 and a beta of 1.18. The business has a 50-day simple moving average of $37.59 and a 200-day simple moving average of $35.32. First Trust SMID Cap Rising Dividend Achievers ETF has a 52-week low of $28.84 and a 52-week high of $40.60.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Thursday, September 25th were issued a $0.095 dividend. The ex-dividend date of this dividend was Thursday, September 25th. This represents a $0.38 dividend on an annualized basis and a yield of 1.0%.

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.