First Trust SMID Cap Rising Dividend Achievers ETF $SDVY Stock: Commonwealth Financial Services LLC Cuts Position

Commonwealth Financial Services LLC cut its position in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 26.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,800 shares of the company’s stock after selling 13,864 shares during the quarter. Commonwealth Financial Services LLC’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $1,575,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Investment Partners LTD. grew its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 1.0% during the second quarter. Investment Partners LTD. now owns 24,366 shares of the company’s stock worth $1,051,000 after purchasing an additional 237 shares in the last quarter. Arbor Capital Management Inc. ADV grew its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 2.2% in the first quarter. Arbor Capital Management Inc. ADV now owns 12,440 shares of the company’s stock worth $515,000 after purchasing an additional 267 shares during the last quarter. Independent Wealth Network Inc. raised its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 1.7% during the first quarter. Independent Wealth Network Inc. now owns 18,298 shares of the company’s stock valued at $721,000 after acquiring an additional 301 shares in the last quarter. Manchester Financial Inc. increased its position in First Trust SMID Cap Rising Dividend Achievers ETF by 1.6% during the 1st quarter. Manchester Financial Inc. now owns 19,638 shares of the company’s stock valued at $774,000 after purchasing an additional 305 shares during the period. Finally, Lighthouse Wealth Management Inc. raised its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 1.6% in the 1st quarter. Lighthouse Wealth Management Inc. now owns 20,576 shares of the company’s stock worth $811,000 after purchasing an additional 315 shares in the last quarter.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Performance

Shares of NASDAQ SDVY traded up $0.33 during mid-day trading on Tuesday, hitting $41.76. 533,463 shares of the stock traded hands, compared to its average volume of 1,281,399. First Trust SMID Cap Rising Dividend Achievers ETF has a 52 week low of $36.40 and a 52 week high of $45.11. The company has a market cap of $11.03 billion, a price-to-earnings ratio of 14.54 and a beta of 1.01. The stock has a fifty day moving average price of $42.50 and a 200-day moving average price of $42.34.

First Trust SMID Cap Rising Dividend Achievers ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Thursday, September 24th were given a dividend of $0.1002 per share. This is a positive change from First Trust SMID Cap Rising Dividend Achievers ETF’s previous quarterly dividend of $0.0901. The ex-dividend date of this dividend was Thursday, September 24th. This represents a $0.40 annualized dividend and a yield of 1.0%.

First Trust SMID Cap Rising Dividend Achievers 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.