Prospera Financial Services Inc Sells 59,859 Shares of First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Prospera Financial Services Inc lessened its stake in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 7.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 744,892 shares of the company’s stock after selling 59,859 shares during the period. Prospera Financial Services Inc owned about 0.30% of First Trust SMID Cap Rising Dividend Achievers ETF worth $28,555,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Bank of Jackson Hole Trust bought a new position in First Trust SMID Cap Rising Dividend Achievers ETF during the 3rd quarter valued at approximately $25,000. Eagle Bay Advisors LLC bought a new position in First Trust SMID Cap Rising Dividend Achievers ETF during the 4th quarter valued at approximately $25,000. Oakworth Capital Inc. bought a new position in First Trust SMID Cap Rising Dividend Achievers ETF during the 4th quarter valued at approximately $25,000. Trust Co. of Vermont bought a new position in First Trust SMID Cap Rising Dividend Achievers ETF during the 4th quarter valued at approximately $27,000. Finally, EQ Wealth Advisors LLC bought a new position in First Trust SMID Cap Rising Dividend Achievers ETF during the 4th quarter valued at approximately $30,000.

First Trust SMID Cap Rising Dividend Achievers ETF Price Performance

SDVY opened at $41.54 on Friday. The business has a 50 day simple moving average of $40.85 and a two-hundred day simple moving average of $40.11. The firm has a market capitalization of $10.75 billion, a price-to-earnings ratio of 14.54 and a beta of 1.04. First Trust SMID Cap Rising Dividend Achievers ETF has a one year low of $33.54 and a one year high of $42.89.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were given a dividend of $0.0976 per share. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $0.39 dividend on an annualized basis and a yield of 0.9%.

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.