Integrated Wealth Concepts LLC Has $27.48 Million Stock Position in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Integrated Wealth Concepts LLC reduced its position in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 2.5% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 636,990 shares of the company’s stock after selling 16,441 shares during the period. Integrated Wealth Concepts LLC owned about 0.24% of First Trust SMID Cap Rising Dividend Achievers ETF worth $27,480,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Smartleaf Asset Management LLC bought a new stake in First Trust SMID Cap Rising Dividend Achievers ETF in the fourth quarter valued at approximately $28,000. Anchor Investment Management LLC bought a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the 1st quarter worth approximately $30,000. High Note Wealth LLC acquired a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the 4th quarter worth approximately $32,000. Orion Capital Management LLC acquired a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the 2nd quarter worth approximately $39,000. Finally, Russell Investments Group Ltd. raised its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 254.2% in the 4th quarter. Russell Investments Group Ltd. now owns 1,151 shares of the company’s stock valued at $44,000 after acquiring an additional 826 shares during the period.

First Trust SMID Cap Rising Dividend Achievers ETF Price Performance

Shares of First Trust SMID Cap Rising Dividend Achievers ETF stock opened at $42.94 on Wednesday. The business has a fifty day simple moving average of $43.64 and a two-hundred day simple moving average of $42.12. First Trust SMID Cap Rising Dividend Achievers ETF has a 1 year low of $36.40 and a 1 year high of $45.11. The company has a market capitalization of $11.35 billion, a price-to-earnings ratio of 14.54 and a beta of 1.00.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were paid a $0.0901 dividend. The ex-dividend date was Thursday, June 25th. This represents a $0.36 dividend on an annualized basis 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.