Prospera Financial Services Inc Trims Stake in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Prospera Financial Services Inc cut its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 3.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 804,751 shares of the company’s stock after selling 29,337 shares during the period. Prospera Financial Services Inc owned about 0.33% of First Trust SMID Cap Rising Dividend Achievers ETF worth $30,607,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. GoalVest Advisory LLC bought a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the 3rd quarter valued at approximately $25,000. Bank of Jackson Hole Trust bought a new stake in First Trust SMID Cap Rising Dividend Achievers ETF during the 3rd quarter worth approximately $25,000. Hantz Financial Services Inc. purchased a new position in First Trust SMID Cap Rising Dividend Achievers ETF during the second quarter valued at approximately $33,000. Atlantic Union Bankshares Corp bought a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the second quarter worth approximately $34,000. Finally, Princeton Global Asset Management LLC bought a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the third quarter worth approximately $36,000.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Performance

SDVY opened at $42.25 on Tuesday. The stock has a market cap of $10.59 billion, a price-to-earnings ratio of 14.54 and a beta of 1.12. The firm’s fifty day moving average is $39.73 and its 200 day moving average is $38.29. First Trust SMID Cap Rising Dividend Achievers ETF has a fifty-two week low of $28.84 and a fifty-two week high of $42.50.

First Trust SMID Cap Rising Dividend Achievers ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were issued a $0.1305 dividend. The ex-dividend date of this dividend was Friday, December 12th. This represents a $0.52 dividend on an annualized basis and a yield of 1.2%. This is a boost from First Trust SMID Cap Rising Dividend Achievers ETF’s previous quarterly dividend of $0.10.

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.