First Trust SMID Cap Rising Dividend Achievers ETF $SDVY Stock: Retirement Planning Group LLC Cuts Position

Retirement Planning Group LLC decreased its stake in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 51.2% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,504 shares of the company’s stock after selling 12,069 shares during the quarter. Retirement Planning Group LLC’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $467,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of SDVY. Bank of America Corp DE increased its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 6.3% in the first quarter. Bank of America Corp DE now owns 9,463,585 shares of the company’s stock worth $373,149,000 after acquiring an additional 564,137 shares during the last quarter. Cetera Investment Advisers boosted its position in First Trust SMID Cap Rising Dividend Achievers ETF by 2.9% during the first quarter. Cetera Investment Advisers now owns 7,943,362 shares of the company’s stock valued at $313,207,000 after purchasing an additional 227,423 shares during the last quarter. Royal Bank of Canada boosted its position in First Trust SMID Cap Rising Dividend Achievers ETF by 5.1% during the first quarter. Royal Bank of Canada now owns 6,670,911 shares of the company’s stock valued at $263,034,000 after purchasing an additional 322,622 shares during the last quarter. Park National Corp OH boosted its position in First Trust SMID Cap Rising Dividend Achievers ETF by 1.5% during the third quarter. Park National Corp OH now owns 3,584,904 shares of the company’s stock valued at $145,475,000 after purchasing an additional 54,366 shares during the last quarter. Finally, Baird Financial Group Inc. boosted its position in First Trust SMID Cap Rising Dividend Achievers ETF by 4.2% during the second quarter. Baird Financial Group Inc. now owns 1,760,339 shares of the company’s stock valued at $75,941,000 after purchasing an additional 71,063 shares during the last quarter.

First Trust SMID Cap Rising Dividend Achievers ETF Price Performance

Shares of NASDAQ SDVY opened at $42.02 on Thursday. The business’s 50-day moving average price is $42.39 and its two-hundred day moving average price is $42.38. First Trust SMID Cap Rising Dividend Achievers ETF has a one year low of $36.40 and a one year high of $45.11. The company has a market capitalization of $11.09 billion, a P/E ratio of 14.54 and a beta of 1.01.

First Trust SMID Cap Rising Dividend Achievers ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th were paid a dividend of $0.1002 per share. This is a boost from First Trust SMID Cap Rising Dividend Achievers ETF’s previous quarterly dividend of $0.0901. The ex-dividend date of this dividend was Thursday, September 24th. This represents a $0.40 dividend on an annualized basis and a dividend 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.