First Trust SMID Cap Rising Dividend Achievers ETF $SDVY Shares Sold by Park Avenue Securities LLC

Park Avenue Securities LLC trimmed its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 89.1% in the 3rd quarter, HoldingsChannel reports. The firm owned 8,081 shares of the company’s stock after selling 66,244 shares during the quarter. Park Avenue Securities LLC’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $328,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of SDVY. MCF Advisors LLC acquired a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the second quarter valued at $9,702,000. Pinnacle Wealth Management Advisory Group LLC boosted its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 9.7% during the second quarter. Pinnacle Wealth Management Advisory Group LLC now owns 212,206 shares of the company’s stock worth $9,155,000 after buying an additional 18,769 shares in the last quarter. Guardian Wealth Advisors LLC NC increased its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 4.4% in the 2nd quarter. Guardian Wealth Advisors LLC NC now owns 571,663 shares of the company’s stock valued at $24,662,000 after buying an additional 24,311 shares during the period. Benjamin Edwards Inc. increased its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 13.0% in the 2nd quarter. Benjamin Edwards Inc. now owns 298,897 shares of the company’s stock valued at $12,896,000 after buying an additional 34,295 shares during the period. Finally, Spartan Wealth Advisory Services LLC bought a new stake in First Trust SMID Cap Rising Dividend Achievers ETF in the 1st quarter valued at $2,206,000.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Performance

Shares of SDVY stock opened at $41.93 on Friday. First Trust SMID Cap Rising Dividend Achievers ETF has a 52-week low of $36.40 and a 52-week high of $45.11. The stock has a market cap of $11.07 billion, a price-to-earnings ratio of 14.54 and a beta of 1.02. The firm has a fifty day moving average of $41.97 and a 200-day moving average of $41.97.

First Trust SMID Cap Rising Dividend Achievers ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th were given a dividend of $0.1002 per share. This is an increase from First Trust SMID Cap Rising Dividend Achievers ETF’s previous quarterly dividend of $0.0901. The ex-dividend date was Thursday, September 24th. This represents a $0.40 annualized dividend and a dividend yield of 1.0%.

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.