First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) Shares Sold by TFB Advisors LLC

TFB Advisors LLC reduced its position in shares of First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) by 4.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,663 shares of the company’s stock after selling 515 shares during the period. TFB Advisors LLC’s holdings in First Trust SMID Cap Rising Dividend Archievers ETF were worth $350,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the company. Waterfront Wealth Inc. acquired a new stake in First Trust SMID Cap Rising Dividend Archievers ETF during the 4th quarter worth approximately $214,000. ORBA Wealth Advisors L.L.C. acquired a new position in shares of First Trust SMID Cap Rising Dividend Archievers ETF during the fourth quarter worth about $933,000. Private Advisor Group LLC raised its stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 43.6% during the 4th quarter. Private Advisor Group LLC now owns 697,464 shares of the company’s stock worth $22,856,000 after buying an additional 211,827 shares in the last quarter. Arvest Investments Inc. acquired a new stake in First Trust SMID Cap Rising Dividend Archievers ETF in the fourth quarter valued at $5,578,000. Finally, B. Riley Wealth Advisors Inc. boosted its holdings in First Trust SMID Cap Rising Dividend Archievers ETF by 4.9% during the third quarter. B. Riley Wealth Advisors Inc. now owns 19,338 shares of the company’s stock worth $546,000 after buying an additional 903 shares in the last quarter.

First Trust SMID Cap Rising Dividend Archievers ETF Stock Performance

SDVY stock traded up $0.44 during midday trading on Wednesday, hitting $33.23. 1,133,780 shares of the stock were exchanged, compared to its average volume of 1,025,310. The stock has a market cap of $4.63 billion, a price-to-earnings ratio of 8.30 and a beta of 1.18. First Trust SMID Cap Rising Dividend Archievers ETF has a fifty-two week low of $26.40 and a fifty-two week high of $34.97. The stock’s 50-day moving average price is $33.69 and its 200-day moving average price is $33.16.

First Trust SMID Cap Rising Dividend Archievers ETF Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, June 27th were issued a dividend of $0.1503 per share. The ex-dividend date was Thursday, June 27th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.81%.

First Trust SMID Cap Rising Dividend Archievers 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.