First Trust SMID Cap Rising Dividend Achievers ETF $SDVY Shares Sold by Fifth Third Wealth Advisors LLC

Fifth Third Wealth Advisors LLC decreased its stake in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 38.6% during the 2nd quarter, Holdings Channel reports. The firm owned 8,103 shares of the company’s stock after selling 5,093 shares during the quarter. Fifth Third Wealth Advisors LLC’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $286,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of SDVY. GAMMA Investing LLC grew its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 3,250.0% in the first quarter. GAMMA Investing LLC now owns 4,288 shares of the company’s stock valued at $144,000 after purchasing an additional 4,160 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 0.3% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 640,983 shares of the company’s stock valued at $21,473,000 after purchasing an additional 2,030 shares during the period. Dynamic Advisor Solutions LLC boosted its position in First Trust SMID Cap Rising Dividend Achievers ETF by 1.8% during the first quarter. Dynamic Advisor Solutions LLC now owns 111,829 shares of the company’s stock worth $3,746,000 after acquiring an additional 1,997 shares during the last quarter. Good Life Advisors LLC boosted its position in First Trust SMID Cap Rising Dividend Achievers ETF by 5.5% during the first quarter. Good Life Advisors LLC now owns 598,914 shares of the company’s stock worth $20,064,000 after acquiring an additional 31,243 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its position in First Trust SMID Cap Rising Dividend Achievers ETF by 7.2% during the first quarter. Janney Montgomery Scott LLC now owns 764,411 shares of the company’s stock worth $25,608,000 after acquiring an additional 51,113 shares during the last quarter.

First Trust SMID Cap Rising Dividend Achievers ETF Trading Up 1.6%

SDVY opened at $37.04 on Tuesday. The firm has a market capitalization of $8.80 billion, a PE ratio of 14.54 and a beta of 1.18. First Trust SMID Cap Rising Dividend Achievers ETF has a twelve month low of $28.84 and a twelve month high of $40.60. The firm’s 50-day moving average price is $37.66 and its 200 day moving average price is $35.40.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

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

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.