First Trust SMID Cap Rising Dividend Achievers ETF $SDVY Shares Sold by Triumph Capital Management

Triumph Capital Management reduced its position in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 12.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 180,465 shares of the company’s stock after selling 26,009 shares during the quarter. First Trust SMID Cap Rising Dividend Achievers ETF comprises about 1.4% of Triumph Capital Management’s investment portfolio, making the stock its 13th biggest position. Triumph Capital Management’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $7,785,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SDVY. Focus Partners Wealth increased its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 41.2% in the 1st quarter. Focus Partners Wealth now owns 43,712 shares of the company’s stock valued at $1,464,000 after purchasing an additional 12,748 shares in the last quarter. Creative Planning lifted its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 31.9% during the second quarter. Creative Planning now owns 9,390 shares of the company’s stock worth $331,000 after purchasing an additional 2,270 shares in the last quarter. Brown Advisory Inc. lifted its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 4.6% during the second quarter. Brown Advisory Inc. now owns 14,098 shares of the company’s stock worth $497,000 after purchasing an additional 621 shares in the last quarter. Cerity Partners LLC purchased a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the second quarter worth about $1,897,000. Finally, Qube Research & Technologies Ltd boosted its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 189.9% in the second quarter. Qube Research & Technologies Ltd now owns 368,711 shares of the company’s stock worth $13,008,000 after buying an additional 241,547 shares during the period.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Performance

SDVY stock opened at $43.21 on Tuesday. The firm has a market cap of $11.42 billion, a P/E ratio of 14.54 and a beta of 1.01. 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 stock has a 50-day simple moving average of $43.60 and a 200-day simple moving average of $42.07.

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. Shareholders of record on Thursday, June 25th were issued a $0.0901 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Thursday, June 25th.

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.