Tcfg Wealth Management LLC Sells 765 Shares of First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Tcfg Wealth Management LLC lowered its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 4.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,016 shares of the company’s stock after selling 765 shares during the quarter. Tcfg Wealth Management LLC’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $636,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SDVY. Fifth Third Bancorp raised its position 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 purchasing an additional 521 shares in the last quarter. Financial Network Wealth Advisors LLC acquired a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the 1st quarter worth $72,000. GAMMA Investing LLC lifted its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 3,250.0% during the 1st quarter. GAMMA Investing LLC now owns 4,288 shares of the company’s stock worth $144,000 after buying an additional 4,160 shares during the last quarter. Pinnacle Bancorp Inc. boosted its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 14.0% in the second quarter. Pinnacle Bancorp Inc. now owns 4,850 shares of the company’s stock valued at $171,000 after buying an additional 595 shares in the last quarter. Finally, Larson Financial Group LLC grew its position in First Trust SMID Cap Rising Dividend Achievers ETF by 15.5% in the first quarter. Larson Financial Group LLC now owns 5,728 shares of the company’s stock valued at $192,000 after acquiring an additional 770 shares during the last quarter.

First Trust SMID Cap Rising Dividend Achievers ETF Trading Down 0.2%

Shares of NASDAQ SDVY opened at $37.95 on Tuesday. The company has a market cap of $8.95 billion, a price-to-earnings ratio of 14.54 and a beta of 1.18. First Trust SMID Cap Rising Dividend Achievers ETF has a 12 month low of $28.84 and a 12 month high of $40.60. The stock has a 50-day moving average price of $37.54 and a two-hundred day moving average price of $35.29.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

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

First Trust SMID Cap Rising Dividend Achievers ETF 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.