N.E.W. Advisory Services LLC Decreases Position in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

N.E.W. Advisory Services LLC cut its holdings in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 84.8% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 7,366 shares of the company’s stock after selling 40,971 shares during the period. N.E.W. Advisory Services LLC’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $280,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Harbour Investments Inc. increased its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 472.9% in the second quarter. Harbour Investments Inc. now owns 2,835,642 shares of the company’s stock worth $100,041,000 after buying an additional 2,340,638 shares during the period. Commonwealth Equity Services LLC grew its position in First Trust SMID Cap Rising Dividend Achievers ETF by 17.1% during the 3rd quarter. Commonwealth Equity Services LLC now owns 3,384,431 shares of the company’s stock worth $128,674,000 after acquiring an additional 494,306 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 29.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,939,333 shares of the company’s stock worth $68,420,000 after purchasing an additional 445,817 shares during the period. Richmond Investment Services LLC increased its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 103.2% in the 2nd quarter. Richmond Investment Services LLC now owns 560,714 shares of the company’s stock worth $19,782,000 after purchasing an additional 284,745 shares during the period. Finally, Osaic Holdings Inc. boosted its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 11.2% during the second quarter. Osaic Holdings Inc. now owns 2,744,843 shares of the company’s stock valued at $96,848,000 after purchasing an additional 275,395 shares during the period.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Down 0.2%

Shares of NASDAQ SDVY opened at $40.05 on Tuesday. The firm’s fifty day moving average is $38.45 and its 200 day moving average is $37.62. First Trust SMID Cap Rising Dividend Achievers ETF has a 52 week low of $28.84 and a 52 week high of $40.30. The company has a market cap of $9.91 billion, a price-to-earnings ratio of 14.54 and a beta of 1.12.

First Trust SMID Cap Rising Dividend Achievers ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were given a $0.1305 dividend. The ex-dividend date was Friday, December 12th. This is a positive change from First Trust SMID Cap Rising Dividend Achievers ETF’s previous quarterly dividend of $0.10. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.3%.

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.