First Trust SMID Cap Rising Dividend Achievers ETF $SDVY Position Trimmed by Old Port Advisors

Old Port Advisors trimmed its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 8.4% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,625 shares of the company’s stock after selling 1,072 shares during the period. Old Port Advisors’ holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $410,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC boosted its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 1.2% in the 2nd quarter. Farther Finance Advisors LLC now owns 28,969 shares of the company’s stock worth $1,022,000 after purchasing an additional 333 shares during the period. Purus Wealth Management LLC boosted its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 0.7% in the 1st quarter. Purus Wealth Management LLC now owns 51,922 shares of the company’s stock worth $1,739,000 after purchasing an additional 355 shares during the period. AdvisorNet Financial Inc boosted its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 3.8% in the 1st quarter. AdvisorNet Financial Inc now owns 10,064 shares of the company’s stock worth $337,000 after purchasing an additional 372 shares during the period. Arbor Capital Management Inc. ADV boosted its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 3.9% in the 1st quarter. Arbor Capital Management Inc. ADV now owns 10,198 shares of the company’s stock worth $345,000 after purchasing an additional 383 shares during the period. Finally, Lighthouse Wealth Management Inc. boosted its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 1.5% in the 1st quarter. Lighthouse Wealth Management Inc. now owns 26,124 shares of the company’s stock worth $875,000 after purchasing an additional 398 shares during the period.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Up 1.1%

Shares of NASDAQ:SDVY opened at $38.16 on Friday. The firm has a fifty day moving average of $37.34 and a two-hundred day moving average of $35.08. The firm has a market capitalization of $8.85 billion, a P/E ratio of 14.54 and a beta of 1.18. First Trust SMID Cap Rising Dividend Achievers ETF has a 12-month low of $28.84 and a 12-month high of $40.60.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Thursday, September 25th will be issued a dividend of $0.095 per share. The ex-dividend date is Thursday, September 25th. This represents a $0.38 annualized dividend and a dividend yield of 1.0%.

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.