First Trust SMID Cap Rising Dividend Achievers ETF $SDVY Stock Sold by Thurston Springer Miller Herd & Titak Inc.

Thurston Springer Miller Herd & Titak Inc. reduced its stake in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 95.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,077 shares of the company’s stock after selling 116,479 shares during the period. Thurston Springer Miller Herd & Titak Inc.’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $206,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Fearless Solutions LLC dba Best Invest increased its position in First Trust SMID Cap Rising Dividend Achievers ETF by 4.5% during the 3rd quarter. Fearless Solutions LLC dba Best Invest now owns 25,169 shares of the company’s stock worth $1,021,000 after purchasing an additional 1,078 shares in the last quarter. Focus Financial Network Inc. boosted its position in First Trust SMID Cap Rising Dividend Achievers ETF by 2.4% in the third quarter. Focus Financial Network Inc. now owns 452,688 shares of the company’s stock valued at $18,370,000 after buying an additional 10,598 shares in the last quarter. Lighthouse Wealth Management Inc. boosted its position in First Trust SMID Cap Rising Dividend Achievers ETF by 2.2% in the third quarter. Lighthouse Wealth Management Inc. now owns 15,840 shares of the company’s stock valued at $643,000 after buying an additional 343 shares in the last quarter. Accel Wealth Management boosted its position in First Trust SMID Cap Rising Dividend Achievers ETF by 6.6% in the third quarter. Accel Wealth Management now owns 72,759 shares of the company’s stock valued at $2,953,000 after buying an additional 4,518 shares in the last quarter. Finally, Cascade Investment Group Inc. bought a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the third quarter worth $209,000.

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

Shares of NASDAQ:SDVY traded down $0.45 during trading on Wednesday, hitting $40.93. 447,631 shares of the company were exchanged, compared to its average volume of 1,287,118. The business’s 50 day moving average is $42.75 and its 200-day moving average is $42.28. The company has a market capitalization of $10.85 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.

First Trust SMID Cap Rising Dividend Achievers ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Thursday, September 24th were issued a dividend of $0.1002 per share. This is a positive change from First Trust SMID Cap Rising Dividend Achievers ETF’s previous quarterly dividend of $0.0901. The ex-dividend date of this dividend was Thursday, September 24th. This represents a $0.40 annualized dividend and a dividend yield of 1.0%.

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.