First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lowered its stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) by 6.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 790,301 shares of the company’s stock after selling 51,826 shares during the quarter. Envestnet Asset Management Inc. owned about 1.96% of First Trust SMID Cap Rising Dividend Archievers ETF worth $21,062,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of SDVY. Barrett & Company Inc. acquired a new stake in First Trust SMID Cap Rising Dividend Archievers ETF during the 1st quarter worth approximately $206,000. Mach 1 Financial Group LLC acquired a new stake in First Trust SMID Cap Rising Dividend Archievers ETF during the 1st quarter worth approximately $128,297,000. Oppenheimer & Co. Inc. increased its position in First Trust SMID Cap Rising Dividend Archievers ETF by 117.5% during the 1st quarter. Oppenheimer & Co. Inc. now owns 22,426 shares of the company’s stock worth $598,000 after purchasing an additional 12,116 shares in the last quarter. Private Advisor Group LLC acquired a new stake in First Trust SMID Cap Rising Dividend Archievers ETF during the 1st quarter worth approximately $15,842,000. Finally, Flagstar Advisors Inc. increased its position in First Trust SMID Cap Rising Dividend Archievers ETF by 5.2% during the 1st quarter. Flagstar Advisors Inc. now owns 46,306 shares of the company’s stock worth $1,234,000 after purchasing an additional 2,268 shares in the last quarter.

First Trust SMID Cap Rising Dividend Archievers ETF Stock Performance

SDVY opened at $30.13 on Friday. The firm has a 50 day moving average price of $29.27 and a 200 day moving average price of $27.29. The company has a market cap of $1.30 billion, a PE ratio of 7.66 and a beta of 1.18. First Trust SMID Cap Rising Dividend Archievers ETF has a 1 year low of $22.77 and a 1 year high of $30.43.

First Trust SMID Cap Rising Dividend Archievers ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 30th. Shareholders of record on Wednesday, June 28th were given a $0.2077 dividend. This is an increase from First Trust SMID Cap Rising Dividend Archievers ETF’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend was Tuesday, June 27th. This represents a $0.83 annualized dividend and a yield of 2.76%.

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.