D.A. Davidson & CO. trimmed its holdings in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY – Free Report) by 82.5% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 892,340 shares of the company’s stock after selling 4,201,597 shares during the quarter. D.A. Davidson & CO. owned 0.34% of First Trust SMID Cap Rising Dividend Achievers ETF worth $36,211,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in the business. Bank of America Corp DE raised its position in First Trust SMID Cap Rising Dividend Achievers ETF by 6.3% in the 1st quarter. Bank of America Corp DE now owns 9,463,585 shares of the company’s stock worth $373,149,000 after purchasing an additional 564,137 shares during the period. Cetera Investment Advisers lifted its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 2.9% in the first quarter. Cetera Investment Advisers now owns 7,943,362 shares of the company’s stock worth $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 buying an additional 322,622 shares during the period. Capital Investment Advisors LLC boosted its position in First Trust SMID Cap Rising Dividend Achievers ETF by 2.6% during the third quarter. Capital Investment Advisors LLC now owns 4,853,868 shares of the company’s stock valued at $196,970,000 after buying an additional 123,083 shares during the period. Finally, 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 buying an additional 54,366 shares during the period.
First Trust SMID Cap Rising Dividend Achievers ETF Trading Down 0.5%
Shares of NASDAQ:SDVY opened at $41.86 on Thursday. The stock’s 50-day moving average price is $42.17 and its 200-day moving average price is $41.89. First Trust SMID Cap Rising Dividend Achievers ETF has a 12-month low of $36.40 and a 12-month high of $45.11. The stock has a market capitalization of $11.05 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 business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th were paid a $0.1002 dividend. 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.
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