Secure Asset Management LLC Trims Holdings in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY)

Secure Asset Management LLC lowered its position in shares of First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) by 35.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 45,569 shares of the company’s stock after selling 24,927 shares during the quarter. Secure Asset Management LLC’s holdings in First Trust SMID Cap Rising Dividend Archievers ETF were worth $1,658,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. B. Riley Wealth Advisors Inc. raised its position in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 76.0% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 34,027 shares of the company’s stock valued at $1,115,000 after purchasing an additional 14,689 shares during the period. Inscription Capital LLC bought a new position in shares of First Trust SMID Cap Rising Dividend Archievers ETF in the first quarter worth about $249,000. RFG Advisory LLC grew its position in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 72.1% during the first quarter. RFG Advisory LLC now owns 90,466 shares of the company’s stock worth $3,150,000 after purchasing an additional 37,901 shares in the last quarter. International Assets Investment Management LLC raised its stake in First Trust SMID Cap Rising Dividend Archievers ETF by 67.6% during the 1st quarter. International Assets Investment Management LLC now owns 30,333 shares of the company’s stock valued at $1,048,000 after purchasing an additional 12,237 shares during the period. Finally, San Luis Wealth Advisors LLC purchased a new position in First Trust SMID Cap Rising Dividend Archievers ETF in the 1st quarter worth approximately $1,974,000.

First Trust SMID Cap Rising Dividend Archievers ETF Price Performance

SDVY stock opened at $37.46 on Friday. First Trust SMID Cap Rising Dividend Archievers ETF has a 1-year low of $26.40 and a 1-year high of $37.47. The business has a 50 day simple moving average of $35.52 and a two-hundred day simple moving average of $34.49. The company has a market capitalization of $6.43 billion, a price-to-earnings ratio of 8.30 and a beta of 1.18.

First Trust SMID Cap Rising Dividend Archievers ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were issued a $0.1383 dividend. This represents a $0.55 annualized dividend and a dividend yield of 1.48%. The ex-dividend date of this dividend was Thursday, September 26th.

First Trust SMID Cap Rising Dividend Archievers 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.