Smith Chas P & Associates PA Cpas Has $43.33 Million Stake in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Smith Chas P & Associates PA Cpas reduced its stake in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 2.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,004,463 shares of the company’s stock after selling 21,995 shares during the quarter. First Trust SMID Cap Rising Dividend Achievers ETF accounts for 2.1% of Smith Chas P & Associates PA Cpas’ portfolio, making the stock its 22nd largest position. Smith Chas P & Associates PA Cpas owned approximately 0.38% of First Trust SMID Cap Rising Dividend Achievers ETF worth $43,333,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SDVY. MCF Advisors LLC acquired a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the 2nd quarter valued at about $9,702,000. Capital Analysts LLC lifted its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 4.1% in the second quarter. Capital Analysts LLC now owns 36,495 shares of the company’s stock valued at $1,574,000 after purchasing an additional 1,431 shares in the last quarter. Capital Advantage Inc. boosted its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 6.2% during the second quarter. Capital Advantage Inc. now owns 86,871 shares of the company’s stock worth $3,748,000 after buying an additional 5,099 shares during the period. Pinnacle Wealth Management Advisory Group LLC boosted its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 9.7% during the second quarter. Pinnacle Wealth Management Advisory Group LLC now owns 212,206 shares of the company’s stock worth $9,155,000 after buying an additional 18,769 shares during the period. Finally, NewEdge Advisors LLC grew its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 28.4% during the second quarter. NewEdge Advisors LLC now owns 1,197,586 shares of the company’s stock worth $51,664,000 after buying an additional 265,188 shares in the last quarter.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Performance

First Trust SMID Cap Rising Dividend Achievers ETF stock traded up $0.34 during midday trading on Friday, reaching $42.67. The stock had a trading volume of 1,043,599 shares, compared to its average volume of 1,331,416. The stock has a market capitalization of $11.28 billion, a P/E ratio of 14.54 and a beta of 1.00. The firm’s fifty day simple moving average is $43.61 and its 200-day simple moving average is $42.12. First Trust SMID Cap Rising Dividend Achievers ETF has a 1-year low of $36.40 and a 1-year high of $45.11.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were paid a dividend of $0.0901 per share. This represents a $0.36 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Thursday, June 25th.

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.