Commonwealth Equity Services LLC Trims Holdings in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Commonwealth Equity Services LLC decreased its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 1.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,890,125 shares of the company’s stock after selling 39,070 shares during the quarter. Commonwealth Equity Services LLC’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $101,964,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of SDVY. Hantz Financial Services Inc. acquired a new stake in First Trust SMID Cap Rising Dividend Achievers ETF during the 2nd quarter valued at approximately $33,000. Fifth Third Bancorp increased its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 120.9% in the second quarter. Fifth Third Bancorp now owns 952 shares of the company’s stock worth $34,000 after acquiring an additional 521 shares during the period. Atlantic Union Bankshares Corp purchased a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the second quarter worth $34,000. Bank of Montreal Can raised its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 4,082.8% during the second quarter. Bank of Montreal Can now owns 1,213 shares of the company’s stock worth $43,000 after purchasing an additional 1,184 shares during the last quarter. Finally, Financial Network Wealth Advisors LLC acquired a new position in First Trust SMID Cap Rising Dividend Achievers ETF during the first quarter valued at $72,000.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Performance

NASDAQ:SDVY opened at $37.38 on Friday. The firm’s fifty day moving average is $37.78 and its two-hundred day moving average is $36.12. The firm has a market cap of $8.98 billion, a price-to-earnings ratio of 14.54 and a beta of 1.12. First Trust SMID Cap Rising Dividend Achievers ETF has a one year low of $28.84 and a one year high of $40.60.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Thursday, September 25th were issued a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Thursday, September 25th.

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.