Pitti Group Wealth Management LLC Has $259,000 Stock Position in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY)

Pitti Group Wealth Management LLC lowered its position in shares of First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) by 6.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,905 shares of the company’s stock after selling 525 shares during the quarter. Pitti Group Wealth Management LLC’s holdings in First Trust SMID Cap Rising Dividend Archievers ETF were worth $259,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in SDVY. Hazlett Burt & Watson Inc. purchased a new position in First Trust SMID Cap Rising Dividend Archievers ETF during the 2nd quarter worth approximately $28,000. Strategic Financial Concepts LLC purchased a new position in shares of First Trust SMID Cap Rising Dividend Archievers ETF during the second quarter valued at $28,000. Benjamin Edwards Inc. acquired a new position in First Trust SMID Cap Rising Dividend Archievers ETF during the first quarter valued at $32,000. EverSource Wealth Advisors LLC purchased a new stake in First Trust SMID Cap Rising Dividend Archievers ETF in the 1st quarter worth about $34,000. Finally, Mather Group LLC. acquired a new stake in First Trust SMID Cap Rising Dividend Archievers ETF during the 2nd quarter worth about $35,000.

First Trust SMID Cap Rising Dividend Archievers ETF Price Performance

NASDAQ:SDVY opened at $35.27 on Tuesday. The stock has a market cap of $5.29 billion, a PE ratio of 8.30 and a beta of 1.18. First Trust SMID Cap Rising Dividend Archievers ETF has a fifty-two week low of $26.40 and a fifty-two week high of $37.25. The stock’s 50-day moving average is $34.89 and its two-hundred day moving average is $34.07.

First Trust SMID Cap Rising Dividend Archievers ETF Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, June 27th were paid a $0.1503 dividend. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $0.60 annualized dividend and a yield of 1.70%.

About First Trust SMID Cap Rising Dividend Archievers 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.