First Trust SMID Cap Rising Dividend Achievers ETF $SDVY Shares Sold by Randall & Associates Wealth Management

Randall & Associates Wealth Management cut its holdings in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 18.8% during the 3rd quarter, HoldingsChannel reports. The fund owned 172,170 shares of the company’s stock after selling 39,892 shares during the quarter. First Trust SMID Cap Rising Dividend Achievers ETF accounts for approximately 4.8% of Randall & Associates Wealth Management’s holdings, making the stock its 8th largest position. Randall & Associates Wealth Management’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $6,546,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the business. Hantz Financial Services Inc. acquired a new stake in First Trust SMID Cap Rising Dividend Achievers ETF in the 2nd quarter worth about $33,000. Fifth Third Bancorp grew its position in First Trust SMID Cap Rising Dividend Achievers ETF by 120.9% during the second quarter. Fifth Third Bancorp now owns 952 shares of the company’s stock worth $34,000 after buying an additional 521 shares in the last quarter. Atlantic Union Bankshares Corp bought a new position in First Trust SMID Cap Rising Dividend Achievers ETF during the 2nd quarter worth $34,000. Princeton Global Asset Management LLC acquired a new position in First Trust SMID Cap Rising Dividend Achievers ETF in the 3rd quarter valued at $36,000. Finally, Winnow Wealth LLC bought a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the 2nd quarter valued at $42,000.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Performance

Shares of NASDAQ SDVY opened at $39.24 on Friday. The stock has a market capitalization of $9.43 billion, a P/E ratio of 14.54 and a beta of 1.12. The stock’s fifty day moving average is $38.04 and its 200 day moving average is $37.20. First Trust SMID Cap Rising Dividend Achievers ETF has a 52 week low of $28.84 and a 52 week high of $39.60.

First Trust SMID Cap Rising Dividend Achievers ETF Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th will be issued a $0.1305 dividend. The ex-dividend date of this dividend is Friday, December 12th. This represents a $0.52 annualized dividend and a yield of 1.3%. This is an increase from First Trust SMID Cap Rising Dividend Achievers ETF’s previous quarterly dividend of $0.10.

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.