First Trust SMID Cap Rising Dividend Achievers ETF $SDVY Shares Sold by Commonwealth Financial Services LLC

Commonwealth Financial Services LLC trimmed its stake in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 26.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,800 shares of the company’s stock after selling 13,864 shares during the period. Commonwealth Financial Services LLC’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $1,575,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in SDVY. Maryland Capital Advisors Inc. purchased a new stake in First Trust SMID Cap Rising Dividend Achievers ETF in the 3rd quarter worth $28,000. Anchor Investment Management LLC bought a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the 1st quarter valued at approximately $30,000. Orion Capital Management LLC bought a new position in First Trust SMID Cap Rising Dividend Achievers ETF in the 2nd quarter valued at $39,000. Olistico Wealth LLC purchased a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the third quarter worth approximately $41,000. Finally, Torren Management LLC purchased a new position in First Trust SMID Cap Rising Dividend Achievers ETF during the 1st quarter valued at about $50,000.

First Trust SMID Cap Rising Dividend Achievers ETF Price Performance

NASDAQ SDVY traded up $0.33 during trading on Tuesday, hitting $41.76. The company’s stock had a trading volume of 533,463 shares, compared to its average volume of 1,281,399. The business’s 50 day simple moving average is $42.50 and its 200-day simple moving average is $42.34. The company has a market cap of $11.03 billion, a PE ratio of 14.54 and a beta of 1.01. First Trust SMID Cap Rising Dividend Achievers ETF has a fifty-two week low of $36.40 and a fifty-two week high of $45.11.

First Trust SMID Cap Rising Dividend Achievers ETF Increases Dividend

The company also recently declared 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 represents a $0.40 dividend on an annualized basis and a yield of 1.0%. This is a boost 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.

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.