D.A. Davidson & CO. Cuts Holdings in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

D.A. Davidson & CO. trimmed its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 1.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 643,785 shares of the company’s stock after selling 10,777 shares during the period. D.A. Davidson & CO. owned about 0.28% of First Trust SMID Cap Rising Dividend Achievers ETF worth $22,713,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Fifth Third Bancorp raised its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 120.9% during the 2nd quarter. Fifth Third Bancorp now owns 952 shares of the company’s stock worth $34,000 after buying an additional 521 shares in the last quarter. Financial Network Wealth Advisors LLC purchased a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the 1st quarter worth approximately $72,000. GAMMA Investing LLC raised its stake 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 in the last quarter. Pinnacle Bancorp Inc. raised its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 14.0% during the 2nd quarter. Pinnacle Bancorp Inc. now owns 4,850 shares of the company’s stock worth $171,000 after buying an additional 595 shares in the last quarter. Finally, Larson Financial Group LLC raised its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 15.5% during the 1st quarter. Larson Financial Group LLC now owns 5,728 shares of the company’s stock worth $192,000 after buying an additional 770 shares in the last quarter.

First Trust SMID Cap Rising Dividend Achievers ETF Price Performance

SDVY opened at $37.72 on Wednesday. The stock has a market cap of $9.01 billion, a P/E ratio of 14.54 and a beta of 1.18. The stock’s 50 day simple moving average is $37.78 and its 200 day simple moving average is $35.57. First Trust SMID Cap Rising Dividend Achievers ETF has a 1-year low of $28.84 and a 1-year high of $40.60.

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. Investors of record on Thursday, September 25th were issued a $0.095 dividend. The ex-dividend date was Thursday, September 25th. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.0%.

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.