First Trust SMID Cap Rising Dividend Achievers ETF $SDVY Stake Lessened by Ergawealth Advisors Inc.

Ergawealth Advisors Inc. lessened its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 30.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 188,349 shares of the company’s stock after selling 83,398 shares during the quarter. First Trust SMID Cap Rising Dividend Achievers ETF comprises about 3.3% of Ergawealth Advisors Inc.’s investment portfolio, making the stock its 12th biggest holding. Ergawealth Advisors Inc. owned 0.08% of First Trust SMID Cap Rising Dividend Achievers ETF worth $7,161,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SDVY. Harbour Investments Inc. boosted its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 472.9% during the 2nd quarter. Harbour Investments Inc. now owns 2,835,642 shares of the company’s stock valued at $100,041,000 after purchasing an additional 2,340,638 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 29.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,939,333 shares of the company’s stock valued at $68,420,000 after buying an additional 445,817 shares in the last quarter. Royal Bank of Canada grew its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 5.3% during the first quarter. Royal Bank of Canada now owns 5,893,579 shares of the company’s stock worth $197,436,000 after acquiring an additional 294,498 shares during the period. Richmond Investment Services LLC grew its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 103.2% during the second quarter. Richmond Investment Services LLC now owns 560,714 shares of the company’s stock worth $19,782,000 after acquiring an additional 284,745 shares during the period. Finally, Park National Corp OH raised its position in First Trust SMID Cap Rising Dividend Achievers ETF by 9.0% in the second quarter. Park National Corp OH now owns 3,376,574 shares of the company’s stock worth $119,126,000 after acquiring an additional 278,498 shares in the last quarter.

First Trust SMID Cap Rising Dividend Achievers ETF Trading Down 0.6%

NASDAQ:SDVY opened at $38.97 on Tuesday. The company has a 50-day moving average of $38.11 and a 200-day moving average of $37.29. The firm has a market cap of $9.36 billion, a price-to-earnings ratio of 14.54 and a beta of 1.12. First Trust SMID Cap Rising Dividend Achievers ETF has a twelve month low of $28.84 and a twelve month high of $39.60.

First Trust SMID Cap Rising Dividend Achievers ETF Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Friday, December 12th will be given a $0.1305 dividend. This is a positive change from First Trust SMID Cap Rising Dividend Achievers ETF’s previous quarterly dividend of $0.10. The ex-dividend date is Friday, December 12th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.3%.

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.