Main Street Financial Solutions LLC Lowers Stock Holdings in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY)

Main Street Financial Solutions LLC cut its stake in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) by 64.7% in the third quarter, HoldingsChannel reports. The firm owned 15,802 shares of the company’s stock after selling 28,934 shares during the quarter. Main Street Financial Solutions LLC’s holdings in First Trust SMID Cap Rising Dividend Archievers ETF were worth $575,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of SDVY. LPL Financial LLC increased its stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 15.9% during the second quarter. LPL Financial LLC now owns 15,358,397 shares of the company’s stock worth $512,663,000 after buying an additional 2,105,789 shares during the period. Raymond James & Associates lifted its stake in First Trust SMID Cap Rising Dividend Archievers ETF by 18.8% in the third quarter. Raymond James & Associates now owns 4,234,856 shares of the company’s stock worth $154,064,000 after acquiring an additional 669,172 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its holdings in First Trust SMID Cap Rising Dividend Archievers ETF by 34.4% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 3,266,343 shares of the company’s stock worth $109,031,000 after acquiring an additional 835,904 shares in the last quarter. Capital Investment Advisors LLC increased its position in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 7.8% in the 3rd quarter. Capital Investment Advisors LLC now owns 3,242,678 shares of the company’s stock valued at $117,969,000 after purchasing an additional 234,870 shares during the last quarter. Finally, LVZ Inc. lifted its position in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 0.8% during the 2nd quarter. LVZ Inc. now owns 2,716,224 shares of the company’s stock worth $90,668,000 after purchasing an additional 22,837 shares during the last quarter.

First Trust SMID Cap Rising Dividend Archievers ETF Trading Down 0.4 %

Shares of SDVY stock opened at $38.55 on Thursday. The company has a market cap of $6.75 billion, a P/E ratio of 8.30 and a beta of 1.18. The firm has a fifty day moving average price of $36.24 and a 200 day moving average price of $34.96. First Trust SMID Cap Rising Dividend Archievers ETF has a 12 month low of $28.33 and a 12 month high of $39.24.

First Trust SMID Cap Rising Dividend Archievers ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were given a dividend of $0.1383 per share. The ex-dividend date was Thursday, September 26th. This represents a $0.55 annualized dividend and a dividend yield of 1.44%.

First Trust SMID Cap Rising Dividend Archievers 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.