First Trust SMID Cap Rising Dividend Achievers ETF $SDVY Position Trimmed by Baird Financial Group Inc.

Baird Financial Group Inc. decreased its holdings in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 12.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,306,468 shares of the company’s stock after selling 193,158 shares during the period. Baird Financial Group Inc. owned about 0.56% of First Trust SMID Cap Rising Dividend Achievers ETF worth $46,092,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Purus Wealth Management LLC grew its position in First Trust SMID Cap Rising Dividend Achievers ETF by 0.5% during the second quarter. Purus Wealth Management LLC now owns 52,207 shares of the company’s stock valued at $1,842,000 after purchasing an additional 285 shares in the last quarter. Moloney Securities Asset Management LLC boosted its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 2.9% during the 2nd quarter. Moloney Securities Asset Management LLC now owns 10,260 shares of the company’s stock valued at $362,000 after buying an additional 291 shares during the period. Farther Finance Advisors LLC grew its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 1.2% during the 2nd quarter. Farther Finance Advisors LLC now owns 28,969 shares of the company’s stock valued at $1,022,000 after acquiring an additional 333 shares in the last quarter. Ameritas Advisory Services LLC increased its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 0.8% in the second quarter. Ameritas Advisory Services LLC now owns 41,112 shares of the company’s stock worth $1,450,000 after acquiring an additional 335 shares during the last quarter. Finally, Clear Creek Financial Management LLC increased its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 1.4% in the second quarter. Clear Creek Financial Management LLC now owns 28,224 shares of the company’s stock worth $996,000 after acquiring an additional 391 shares during the last quarter.

First Trust SMID Cap Rising Dividend Achievers ETF Trading Up 0.3%

SDVY opened at $38.55 on Friday. The stock has a fifty day moving average price of $37.63 and a 200 day moving average price of $36.74. First Trust SMID Cap Rising Dividend Achievers ETF has a 1 year low of $28.84 and a 1 year high of $39.48. The stock has a market cap of $9.26 billion, a price-to-earnings ratio of 14.54 and a beta of 1.12.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

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