Prostatis Group LLC Sells 25,894 Shares of First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Prostatis Group LLC reduced its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 26.9% in the second quarter, according to its most recent filing with the SEC. The fund owned 70,306 shares of the company’s stock after selling 25,894 shares during the period. Prostatis Group LLC’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $2,480,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Wagner Wealth Management LLC lifted its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 4.3% during the 2nd quarter. Wagner Wealth Management LLC now owns 456,314 shares of the company’s stock worth $16,099,000 after acquiring an additional 18,713 shares during the last quarter. National Bank of Canada FI lifted its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 162.6% during the 1st quarter. National Bank of Canada FI now owns 6,736 shares of the company’s stock worth $225,000 after acquiring an additional 4,171 shares during the last quarter. Fifth Third Bancorp lifted its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 120.9% during the 2nd quarter. Fifth Third Bancorp now owns 952 shares of the company’s stock worth $34,000 after acquiring an additional 521 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 71.4% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 106,418 shares of the company’s stock worth $3,565,000 after acquiring an additional 44,324 shares during the last quarter. Finally, Sovran Advisors LLC lifted its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 20.6% during the 2nd quarter. Sovran Advisors LLC now owns 9,666 shares of the company’s stock worth $350,000 after acquiring an additional 1,651 shares during the last quarter.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Down 2.4%

Shares of NASDAQ:SDVY opened at $36.47 on Friday. The stock has a market cap of $8.65 billion, a PE ratio of 14.54 and a beta of 1.18. The company’s fifty day moving average is $37.64 and its 200 day moving average is $35.36. First Trust SMID Cap Rising Dividend Achievers ETF has a 52 week low of $28.84 and a 52 week high of $40.60.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Thursday, September 25th were given a $0.095 dividend. This represents a $0.38 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Thursday, September 25th.

First Trust SMID Cap Rising Dividend Achievers ETF 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.