First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) Shares Sold by Hilltop Holdings Inc.

Hilltop Holdings Inc. reduced its holdings in shares of First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) by 18.5% in the 3rd quarter, HoldingsChannel reports. The fund owned 39,115 shares of the company’s stock after selling 8,893 shares during the quarter. Hilltop Holdings Inc.’s holdings in First Trust SMID Cap Rising Dividend Archievers ETF were worth $1,423,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Icon Wealth Advisors LLC acquired a new stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF in the 3rd quarter valued at about $30,000. Hazlett Burt & Watson Inc. acquired a new stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF in the 2nd quarter valued at about $28,000. Mather Group LLC. acquired a new stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF in the 2nd quarter valued at about $35,000. EverSource Wealth Advisors LLC acquired a new stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF in the 1st quarter valued at about $34,000. Finally, ORG Partners LLC acquired a new stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF in the 3rd quarter valued at about $73,000.

First Trust SMID Cap Rising Dividend Archievers ETF Stock Down 0.5 %

Shares of NASDAQ SDVY opened at $39.65 on Wednesday. The stock has a market cap of $6.94 billion, a PE ratio of 8.30 and a beta of 1.18. First Trust SMID Cap Rising Dividend Archievers ETF has a 52-week low of $30.11 and a 52-week high of $40.60. The business has a 50-day moving average price of $37.45 and a 200 day moving average price of $35.50.

First Trust SMID Cap Rising Dividend Archievers ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were given a $0.1383 dividend. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $0.55 dividend on an annualized basis and a dividend yield of 1.40%.

About First Trust SMID Cap Rising Dividend Archievers 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.