116,479 First Trust SMID Cap Rising Dividend Achievers ETF $SDVY Shares Sold by Thurston Springer Miller Herd & Titak Inc.

Thurston Springer Miller Herd & Titak Inc. lessened its holdings in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 95.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,077 shares of the company’s stock after selling 116,479 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $206,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Anchor Investment Management LLC bought a new stake in First Trust SMID Cap Rising Dividend Achievers ETF during the 1st quarter worth approximately $30,000. Orion Capital Management LLC bought a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the second quarter valued at $39,000. Olistico Wealth LLC bought a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the third quarter valued at $41,000. Parkside Financial Bank & Trust acquired a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the second quarter worth $51,000. Finally, Torren Management LLC acquired a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the first quarter worth $50,000.

First Trust SMID Cap Rising Dividend Achievers ETF Trading Down 1.1%

NASDAQ:SDVY traded down $0.45 during trading hours on Wednesday, hitting $40.93. 447,631 shares of the company were exchanged, compared to its average volume of 1,287,118. The stock has a market capitalization of $10.85 billion, a price-to-earnings ratio of 14.54 and a beta of 1.01. First Trust SMID Cap Rising Dividend Achievers ETF has a one year low of $36.40 and a one year high of $45.11. The company has a fifty day simple moving average of $42.75 and a 200 day simple moving average of $42.28.

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. Shareholders of record on Thursday, September 24th were issued a dividend of $0.1002 per share. This represents a $0.40 annualized dividend and a yield of 1.0%. The ex-dividend date was Thursday, September 24th. This is a positive change from First Trust SMID Cap Rising Dividend Achievers ETF’s previous quarterly dividend of $0.0901.

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.