Ergawealth Advisors Inc. Has $2.36 Million Stock Position in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Ergawealth Advisors Inc. lowered its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 67.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 61,639 shares of the company’s stock after selling 126,710 shares during the period. First Trust SMID Cap Rising Dividend Achievers ETF comprises about 1.1% of Ergawealth Advisors Inc.’s portfolio, making the stock its 13th biggest holding. Ergawealth Advisors Inc.’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $2,362,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Bank of Jackson Hole Trust acquired a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the 3rd quarter worth $25,000. GoalVest Advisory LLC acquired a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the 3rd quarter worth $25,000. Trust Co. of Vermont acquired a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the 4th quarter worth $27,000. Princeton Global Asset Management LLC bought a new stake in First Trust SMID Cap Rising Dividend Achievers ETF during the 3rd quarter worth $36,000. Finally, Hoese & Co LLP bought a new stake in First Trust SMID Cap Rising Dividend Achievers ETF during the 4th quarter worth $48,000.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Up 3.0%

Shares of SDVY stock opened at $41.29 on Thursday. The firm has a market capitalization of $10.60 billion, a P/E ratio of 14.54 and a beta of 1.06. First Trust SMID Cap Rising Dividend Achievers ETF has a twelve month low of $29.06 and a twelve month high of $42.89. The stock’s fifty day simple moving average is $40.76 and its 200 day simple moving average is $39.25.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were given a dividend of $0.0976 per share. The ex-dividend date was Thursday, March 26th. This represents a $0.39 dividend on an annualized basis and a yield of 0.9%.

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.