Lifestyle Asset Management Inc. Cuts Stock Position in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Lifestyle Asset Management Inc. lessened its position in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 86.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 47,959 shares of the company’s stock after selling 311,794 shares during the quarter. Lifestyle Asset Management Inc.’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $1,838,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Eagle Bay Advisors LLC purchased a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the 4th quarter valued at $25,000. Oakworth Capital Inc. purchased a new stake in First Trust SMID Cap Rising Dividend Achievers ETF during the 4th quarter worth about $25,000. Trust Co. of Vermont purchased a new stake in First Trust SMID Cap Rising Dividend Achievers ETF during the 4th quarter worth about $27,000. EQ Wealth Advisors LLC purchased a new stake in First Trust SMID Cap Rising Dividend Achievers ETF during the 4th quarter worth about $30,000. Finally, High Note Wealth LLC purchased a new stake in First Trust SMID Cap Rising Dividend Achievers ETF during the 4th quarter worth about $32,000.

First Trust SMID Cap Rising Dividend Achievers ETF Price Performance

Shares of NASDAQ SDVY opened at $41.56 on Friday. The stock’s 50-day moving average is $41.23 and its two-hundred day moving average is $40.36. First Trust SMID Cap Rising Dividend Achievers ETF has a 1-year low of $34.19 and a 1-year high of $42.89. The company has a market cap of $10.76 billion, a price-to-earnings ratio of 14.54 and a beta of 1.01.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were issued a dividend of $0.0976 per share. The ex-dividend date was Thursday, March 26th. This represents a $0.39 annualized dividend and a yield of 0.9%.

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.