NewEdge Advisors LLC Sells 364,566 Shares of First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

NewEdge Advisors LLC decreased its position in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 36.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 639,713 shares of the company’s stock after selling 364,566 shares during the quarter. NewEdge Advisors LLC’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $25,224,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of SDVY. Bank of America Corp DE grew its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 6.3% in the first 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 last quarter. Arkadios Wealth Advisors raised its position in First Trust SMID Cap Rising Dividend Achievers ETF by 191.4% during the 1st quarter. Arkadios Wealth Advisors now owns 861,728 shares of the company’s stock valued at $33,978,000 after purchasing an additional 566,039 shares during the last quarter. IFS Group LLC purchased a new stake in First Trust SMID Cap Rising Dividend Achievers ETF in the 1st quarter worth approximately $468,000. Sunbelt Securities Inc. lifted its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 112.1% in the 1st quarter. Sunbelt Securities Inc. now owns 7,576 shares of the company’s stock worth $299,000 after buying an additional 4,004 shares during the period. Finally, Royal Bank of Canada grew its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 5.1% in the 1st quarter. Royal Bank of Canada now owns 6,670,911 shares of the company’s stock worth $263,034,000 after buying an additional 322,622 shares during the last quarter.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Performance

SDVY opened at $43.66 on Thursday. First Trust SMID Cap Rising Dividend Achievers ETF has a 52-week low of $35.03 and a 52-week high of $44.19. The stock has a market capitalization of $11.53 billion, a PE ratio of 14.54 and a beta of 1.01. The stock’s 50 day moving average price is $42.47 and its 200-day moving average price is $41.52.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were issued 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.