LFA Lugano Financial Advisors SA Sells 105,408 Shares of First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

LFA Lugano Financial Advisors SA lowered its position in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 98.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,550 shares of the company’s stock after selling 105,408 shares during the period. LFA Lugano Financial Advisors SA’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $61,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SDVY. Sigma Planning Corp raised its position in First Trust SMID Cap Rising Dividend Achievers ETF by 3.1% during the first quarter. Sigma Planning Corp now owns 300,698 shares of the company’s stock valued at $11,857,000 after acquiring an additional 9,016 shares in the last quarter. Retirement Planning Group LLC grew its position in First Trust SMID Cap Rising Dividend Achievers ETF by 13.6% in the first quarter. Retirement Planning Group LLC now owns 15,534 shares of the company’s stock worth $613,000 after acquiring an additional 1,864 shares in the last quarter. HBW Advisory Services LLC grew its position in First Trust SMID Cap Rising Dividend Achievers ETF by 12.9% in the first quarter. HBW Advisory Services LLC now owns 64,371 shares of the company’s stock worth $2,538,000 after acquiring an additional 7,345 shares in the last quarter. Procyon Advisors LLC increased its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 17.9% during the 1st quarter. Procyon Advisors LLC now owns 291,405 shares of the company’s stock worth $11,490,000 after purchasing an additional 44,143 shares during the last quarter. Finally, Anchor Investment Management LLC acquired a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the 1st quarter worth $30,000.

First Trust SMID Cap Rising Dividend Achievers ETF Trading Up 0.1%

First Trust SMID Cap Rising Dividend Achievers ETF stock opened at $42.92 on Wednesday. The company has a market capitalization of $11.32 billion, a P/E ratio of 14.54 and a beta of 1.01. The firm’s fifty day simple moving average is $42.04 and its 200-day simple moving average is $41.19. First Trust SMID Cap Rising Dividend Achievers ETF has a 1-year low of $35.03 and a 1-year high of $43.63.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

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

First Trust SMID Cap Rising Dividend Achievers ETF 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.