First Trust SMID Cap Rising Dividend Achievers ETF $SDVY Holdings Lowered by NewEdge Advisors LLC

NewEdge Advisors LLC reduced its stake in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 7.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 932,398 shares of the company’s stock after selling 71,881 shares during the period. NewEdge Advisors LLC owned 0.36% of First Trust SMID Cap Rising Dividend Achievers ETF worth $36,764,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in SDVY. TD Waterhouse Canada Inc. raised its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 1.7% during the fourth quarter. TD Waterhouse Canada Inc. now owns 15,085 shares of the company’s stock worth $578,000 after purchasing an additional 251 shares in the last quarter. Keystone Financial Services LLC boosted its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 1.3% during the 4th quarter. Keystone Financial Services LLC now owns 19,815 shares of the company’s stock valued at $759,000 after purchasing an additional 252 shares in the last quarter. Allie Family Office LLC boosted its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 2.3% during the 4th quarter. Allie Family Office LLC now owns 11,545 shares of the company’s stock valued at $442,000 after purchasing an additional 264 shares in the last quarter. Arbor Capital Management Inc. ADV increased its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 2.2% during the 1st quarter. Arbor Capital Management Inc. ADV now owns 12,440 shares of the company’s stock valued at $515,000 after purchasing an additional 267 shares during the period. Finally, Insight Inv LLC increased its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 2.0% during the 4th quarter. Insight Inv LLC now owns 13,770 shares of the company’s stock valued at $528,000 after purchasing an additional 270 shares during the period.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Performance

SDVY opened at $44.51 on Friday. First Trust SMID Cap Rising Dividend Achievers ETF has a one year low of $36.03 and a one year high of $45.11. The stock’s fifty day moving average is $42.80 and its 200-day moving average is $41.69. The company has a market capitalization of $11.76 billion, a PE ratio of 14.54 and a beta of 1.01.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were issued a dividend of $0.0901 per share. This represents a $0.36 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Thursday, June 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.