Smith Chas P & Associates PA Cpas Trims Position in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Smith Chas P & Associates PA Cpas decreased its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 43.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 582,885 shares of the company’s stock after selling 445,243 shares during the quarter. First Trust SMID Cap Rising Dividend Achievers ETF makes up 1.9% of Smith Chas P & Associates PA Cpas’ portfolio, making the stock its 22nd largest position. Smith Chas P & Associates PA Cpas owned 0.24% of First Trust SMID Cap Rising Dividend Achievers ETF worth $22,161,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Bank of Jackson Hole Trust bought a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the third quarter valued at approximately $25,000. GoalVest Advisory LLC purchased a new position in First Trust SMID Cap Rising Dividend Achievers ETF during the 3rd quarter worth $25,000. Hantz Financial Services Inc. bought a new stake in First Trust SMID Cap Rising Dividend Achievers ETF during the 2nd quarter valued at $33,000. Atlantic Union Bankshares Corp purchased a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the 2nd quarter worth $34,000. Finally, Princeton Global Asset Management LLC bought a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the 3rd quarter worth $36,000.

First Trust SMID Cap Rising Dividend Achievers ETF Trading Down 1.3%

Shares of First Trust SMID Cap Rising Dividend Achievers ETF stock opened at $41.59 on Wednesday. The stock’s fifty day moving average price is $40.78 and its 200-day moving average price is $38.92. The firm has a market cap of $10.43 billion, a P/E ratio of 14.54 and a beta of 1.12. First Trust SMID Cap Rising Dividend Achievers ETF has a 12 month low of $28.84 and a 12 month high of $42.89.

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. Stockholders of record on Friday, December 12th were issued a $0.1305 dividend. The ex-dividend date was Friday, December 12th. This represents a $0.52 annualized dividend and a dividend yield of 1.3%. This is an increase from First Trust SMID Cap Rising Dividend Achievers ETF’s previous quarterly dividend of $0.10.

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.