Financial Advocates Investment Management Trims Stock Position in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Financial Advocates Investment Management trimmed its stake in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 41.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 92,965 shares of the company’s stock after selling 65,039 shares during the period. Financial Advocates Investment Management’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $3,280,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hantz Financial Services Inc. acquired a new position in First Trust SMID Cap Rising Dividend Achievers ETF in the second quarter valued at $33,000. Fifth Third Bancorp lifted its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 120.9% in the 2nd quarter. Fifth Third Bancorp now owns 952 shares of the company’s stock valued at $34,000 after purchasing an additional 521 shares during the last quarter. Atlantic Union Bankshares Corp purchased a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the 2nd quarter valued at about $34,000. Winnow Wealth LLC acquired a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the 2nd quarter valued at about $42,000. Finally, Bank of Montreal Can boosted its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 4,082.8% in the 2nd quarter. Bank of Montreal Can now owns 1,213 shares of the company’s stock valued at $43,000 after purchasing an additional 1,184 shares during the period.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Up 0.2%

SDVY opened at $37.28 on Tuesday. First Trust SMID Cap Rising Dividend Achievers ETF has a 52 week low of $28.84 and a 52 week high of $40.60. The business’s 50 day moving average is $37.60 and its two-hundred day moving average is $36.57. The firm has a market cap of $8.96 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 firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Thursday, September 25th were given a $0.095 dividend. The ex-dividend date was Thursday, September 25th. This represents a $0.38 annualized dividend and a 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.