Assetmark Inc. Sells 1,390 Shares of First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Assetmark Inc. lessened its holdings in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 23.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,597 shares of the company’s stock after selling 1,390 shares during the quarter. Assetmark Inc.’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $162,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in SDVY. Hantz Financial Services Inc. acquired a new stake in First Trust SMID Cap Rising Dividend Achievers ETF in the 2nd quarter valued at $33,000. Fifth Third Bancorp boosted its position in First Trust SMID Cap Rising Dividend Achievers ETF by 120.9% during the second quarter. Fifth Third Bancorp now owns 952 shares of the company’s stock valued at $34,000 after purchasing an additional 521 shares during the last quarter. Financial Network Wealth Advisors LLC bought a new position in First Trust SMID Cap Rising Dividend Achievers ETF in the first quarter valued at approximately $72,000. Pinnacle Bancorp Inc. increased its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 14.0% during the 2nd quarter. Pinnacle Bancorp Inc. now owns 4,850 shares of the company’s stock worth $171,000 after purchasing an additional 595 shares during the last quarter. Finally, Larson Financial Group LLC increased its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 15.5% during the 1st quarter. Larson Financial Group LLC now owns 5,728 shares of the company’s stock worth $192,000 after purchasing an additional 770 shares during the last quarter.

First Trust SMID Cap Rising Dividend Achievers ETF Trading Up 1.0%

NASDAQ SDVY opened at $37.74 on Friday. First Trust SMID Cap Rising Dividend Achievers ETF has a 12 month low of $28.84 and a 12 month high of $40.60. The company has a market cap of $9.07 billion, a PE ratio of 14.54 and a beta of 1.12. The stock has a 50 day moving average of $37.78 and a 200-day moving average of $36.20.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend was Thursday, September 25th. This represents a $0.38 annualized dividend and a dividend yield of 1.0%.

First Trust SMID Cap Rising Dividend Achievers ETF Company 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.