Integrated Wealth Concepts LLC Sells 16,441 Shares of First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Integrated Wealth Concepts LLC decreased its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 2.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 636,990 shares of the company’s stock after selling 16,441 shares during the period. Integrated Wealth Concepts LLC’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $27,480,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in SDVY. LPL Financial LLC boosted its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 4.8% in the 4th quarter. LPL Financial LLC now owns 24,892,169 shares of the company’s stock valued at $953,868,000 after purchasing an additional 1,135,800 shares in the last quarter. Morgan Stanley boosted its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 0.7% in the 4th quarter. Morgan Stanley now owns 17,946,856 shares of the company’s stock valued at $687,724,000 after purchasing an additional 130,885 shares during the last quarter. Raymond James Financial Inc. boosted its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 9.8% in the 4th quarter. Raymond James Financial Inc. now owns 14,105,263 shares of the company’s stock valued at $540,514,000 after purchasing an additional 1,261,249 shares during the last quarter. Bank of America Corp DE increased its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 6.3% during the first quarter. Bank of America Corp DE now owns 9,463,585 shares of the company’s stock worth $373,149,000 after buying an additional 564,137 shares during the period. Finally, Cetera Investment Advisers increased its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 2.9% during the first quarter. Cetera Investment Advisers now owns 7,943,362 shares of the company’s stock worth $313,207,000 after buying an additional 227,423 shares during the period.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Down 1.1%

Shares of NASDAQ SDVY opened at $42.94 on Wednesday. First Trust SMID Cap Rising Dividend Achievers ETF has a twelve month low of $36.40 and a twelve month high of $45.11. The firm has a fifty day simple moving average of $43.64 and a 200 day simple moving average of $42.12. The company has a market capitalization of $11.35 billion, a PE ratio of 14.54 and a beta of 1.00.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were issued a dividend of $0.0901 per share. 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.