Sanchez Wealth Management Group Sells 442,869 Shares of First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Sanchez Wealth Management Group lessened its stake in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 94.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 23,735 shares of the company’s stock after selling 442,869 shares during the quarter. First Trust SMID Cap Rising Dividend Achievers ETF makes up approximately 2.9% of Sanchez Wealth Management Group’s portfolio, making the stock its 16th biggest holding. Sanchez Wealth Management Group’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $963,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of SDVY. Bank of America Corp DE lifted its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 6.3% in the first quarter. Bank of America Corp DE now owns 9,463,585 shares of the company’s stock valued at $373,149,000 after purchasing an additional 564,137 shares during the last quarter. Cetera Investment Advisers increased its position in First Trust SMID Cap Rising Dividend Achievers ETF by 2.9% in the first quarter. Cetera Investment Advisers now owns 7,943,362 shares of the company’s stock worth $313,207,000 after buying an additional 227,423 shares during the last quarter. Royal Bank of Canada increased its position in First Trust SMID Cap Rising Dividend Achievers ETF by 5.1% in the first quarter. Royal Bank of Canada now owns 6,670,911 shares of the company’s stock worth $263,034,000 after buying an additional 322,622 shares during the last quarter. Capital Investment Advisors LLC increased its position in First Trust SMID Cap Rising Dividend Achievers ETF by 2.6% in the third quarter. Capital Investment Advisors LLC now owns 4,853,868 shares of the company’s stock worth $196,970,000 after buying an additional 123,083 shares during the last quarter. Finally, Park National Corp OH raised its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 1.5% in the third quarter. Park National Corp OH now owns 3,584,904 shares of the company’s stock valued at $145,475,000 after buying an additional 54,366 shares during the period.

First Trust SMID Cap Rising Dividend Achievers ETF Price Performance

Shares of SDVY opened at $43.31 on Thursday. The firm has a market cap of $11.44 billion, a PE ratio of 14.54 and a beta of 1.02. The stock’s fifty day moving average price is $42.05 and its two-hundred day moving average price is $41.95. 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 Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th were paid a dividend of $0.1002 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Thursday, September 24th. This is a positive change from First Trust SMID Cap Rising Dividend Achievers ETF’s previous quarterly dividend of $0.0901.

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.