First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) Position Trimmed by FSB Premier Wealth Management Inc.

FSB Premier Wealth Management Inc. decreased its holdings in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) by 5.7% during the second quarter, Holdings Channel.com reports. The firm owned 124,166 shares of the company’s stock after selling 7,490 shares during the period. First Trust SMID Cap Rising Dividend Archievers ETF comprises about 1.9% of FSB Premier Wealth Management Inc.’s portfolio, making the stock its 14th biggest holding. FSB Premier Wealth Management Inc.’s holdings in First Trust SMID Cap Rising Dividend Archievers ETF were worth $3,515,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the stock. HighTower Advisors LLC purchased a new position in First Trust SMID Cap Rising Dividend Archievers ETF during the first quarter valued at approximately $329,000. Blair William & Co. IL boosted its stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 276.7% during the 1st quarter. Blair William & Co. IL now owns 1,940 shares of the company’s stock valued at $54,000 after buying an additional 1,425 shares during the period. Baird Financial Group Inc. grew its holdings in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 1,789.8% during the 1st quarter. Baird Financial Group Inc. now owns 341,480 shares of the company’s stock valued at $9,517,000 after acquiring an additional 323,410 shares in the last quarter. Equitable Holdings Inc. increased its stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 44.9% in the first quarter. Equitable Holdings Inc. now owns 25,006 shares of the company’s stock worth $697,000 after acquiring an additional 7,746 shares during the last quarter. Finally, International Assets Investment Management LLC increased its stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 5.1% in the first quarter. International Assets Investment Management LLC now owns 24,080 shares of the company’s stock worth $680,000 after acquiring an additional 1,166 shares during the last quarter.

First Trust SMID Cap Rising Dividend Archievers ETF Price Performance

SDVY traded down $0.13 during trading on Tuesday, reaching $29.05. 32,313 shares of the stock traded hands, compared to its average volume of 324,687. The stock’s 50-day simple moving average is $27.93 and its two-hundred day simple moving average is $28.13. First Trust SMID Cap Rising Dividend Archievers ETF has a fifty-two week low of $24.70 and a fifty-two week high of $30.43. The stock has a market cap of $1.64 billion, a price-to-earnings ratio of 7.66 and a beta of 1.18.

First Trust SMID Cap Rising Dividend Archievers ETF Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Monday, September 25th were issued a dividend of $0.0982 per share. The ex-dividend date was Friday, September 22nd. This represents a $0.39 annualized dividend and a dividend yield of 1.35%.

First Trust SMID Cap Rising Dividend Archievers 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.