LVZ Inc. Sells 130,839 Shares of First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

LVZ Inc. cut its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 4.7% during the first quarter, HoldingsChannel.com reports. The fund owned 2,674,296 shares of the company’s stock after selling 130,839 shares during the period. First Trust SMID Cap Rising Dividend Achievers ETF accounts for about 12.0% of LVZ Inc.’s holdings, making the stock its 4th largest holding. LVZ Inc.’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $105,447,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Capital Advantage Inc. increased its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 40.5% in the fourth quarter. Capital Advantage Inc. now owns 77,232 shares of the company’s stock valued at $2,960,000 after purchasing an additional 22,276 shares during the last quarter. Econ Financial Services Corp boosted its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 26.1% in the 4th quarter. Econ Financial Services Corp now owns 179,719 shares of the company’s stock valued at $6,887,000 after purchasing an additional 37,184 shares during the period. Pinnacle Associates Ltd. boosted its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 39.8% in the 3rd quarter. Pinnacle Associates Ltd. now owns 233,252 shares of the company’s stock valued at $8,868,000 after purchasing an additional 66,370 shares during the period. CWM LLC grew its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 7.4% during the 4th quarter. CWM LLC now owns 448,472 shares of the company’s stock worth $17,185,000 after buying an additional 30,845 shares during the last quarter. Finally, Arvest Investments Inc. increased its position in First Trust SMID Cap Rising Dividend Achievers ETF by 10.7% during the fourth quarter. Arvest Investments Inc. now owns 263,558 shares of the company’s stock worth $10,100,000 after buying an additional 25,490 shares during the period.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Performance

Shares of NASDAQ SDVY opened at $43.16 on Monday. First Trust SMID Cap Rising Dividend Achievers ETF has a twelve month low of $35.03 and a twelve month high of $43.63. The stock has a 50 day moving average of $41.94 and a two-hundred day moving average of $41.00. The stock has a market cap of $11.35 billion, a P/E ratio of 14.54 and a beta of 1.01.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were given a $0.0901 dividend. The ex-dividend date was Thursday, June 25th. This represents a $0.36 annualized dividend and a yield of 0.8%.

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.