Kingsview Wealth Management LLC Sells 1,626 Shares of First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Kingsview Wealth Management LLC cut its holdings in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 1.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 108,990 shares of the company’s stock after selling 1,626 shares during the quarter. Kingsview Wealth Management LLC’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $3,845,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of SDVY. Hantz Financial Services Inc. acquired a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the 2nd quarter valued at $33,000. Fifth Third Bancorp raised its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 120.9% during the second quarter. Fifth Third Bancorp now owns 952 shares of the company’s stock valued at $34,000 after buying an additional 521 shares in the last quarter. Atlantic Union Bankshares Corp bought a new position in First Trust SMID Cap Rising Dividend Achievers ETF during the second quarter valued at about $34,000. Bank of Montreal Can lifted its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 4,082.8% in the second quarter. Bank of Montreal Can now owns 1,213 shares of the company’s stock worth $43,000 after buying an additional 1,184 shares during the last quarter. Finally, Financial Network Wealth Advisors LLC bought a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the 1st quarter worth about $72,000.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Performance

Shares of SDVY stock opened at $36.67 on Tuesday. The stock’s 50 day simple moving average is $37.73 and its 200 day simple moving average is $36.45. First Trust SMID Cap Rising Dividend Achievers ETF has a twelve month low of $28.84 and a twelve month high of $40.60. The company has a market capitalization of $8.81 billion, a price-to-earnings ratio of 14.54 and a beta of 1.12.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

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

First Trust SMID Cap Rising Dividend Achievers ETF Company Profile

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.