Davis Investment Partners LLC Sells 7,326 Shares of First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Davis Investment Partners LLC lessened its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 30.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,631 shares of the company’s stock after selling 7,326 shares during the quarter. Davis Investment Partners LLC’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $598,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in SDVY. National Bank of Canada FI boosted its position in First Trust SMID Cap Rising Dividend Achievers ETF by 162.6% during the first quarter. National Bank of Canada FI now owns 6,736 shares of the company’s stock valued at $225,000 after purchasing an additional 4,171 shares in the last quarter. Arcadia Wealth Management Inc. bought a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the 4th quarter valued at about $1,042,000. Envestnet Portfolio Solutions Inc. grew its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 71.4% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 106,418 shares of the company’s stock worth $3,565,000 after buying an additional 44,324 shares during the last quarter. Stonebridge Financial Planning Group LLC grew its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 31.2% in the 4th quarter. Stonebridge Financial Planning Group LLC now owns 49,932 shares of the company’s stock worth $1,790,000 after buying an additional 11,871 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 3,250.0% during the 1st quarter. GAMMA Investing LLC now owns 4,288 shares of the company’s stock worth $144,000 after acquiring an additional 4,160 shares in the last quarter.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Down 1.3%

NASDAQ:SDVY opened at $38.16 on Monday. The stock has a market capitalization of $8.85 billion, a price-to-earnings ratio of 14.54 and a beta of 1.18. First Trust SMID Cap Rising Dividend Achievers ETF has a 52 week low of $28.84 and a 52 week high of $40.60. The firm has a 50 day moving average of $36.93 and a 200 day moving average of $34.80.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Thursday, June 26th were issued a dividend of $0.1178 per share. The ex-dividend date of this dividend was Thursday, June 26th. This represents a $0.47 dividend on an annualized basis and a dividend yield of 1.2%.

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.