First Heartland Consultants Inc. Reduces Holdings in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

First Heartland Consultants Inc. lowered its position in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 18.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 239,303 shares of the company’s stock after selling 53,717 shares during the quarter. First Heartland Consultants Inc.’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $9,098,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Silver Oak Securities Incorporated grew its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 54.8% during the 3rd quarter. Silver Oak Securities Incorporated now owns 87,799 shares of the company’s stock valued at $3,338,000 after purchasing an additional 31,072 shares in the last quarter. Commonwealth Equity Services LLC raised its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 17.1% in the 3rd quarter. Commonwealth Equity Services LLC now owns 3,384,431 shares of the company’s stock valued at $128,674,000 after purchasing an additional 494,306 shares in the last quarter. Formidable Asset Management LLC raised its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 17.2% in the 3rd quarter. Formidable Asset Management LLC now owns 87,779 shares of the company’s stock valued at $3,097,000 after purchasing an additional 12,862 shares in the last quarter. Dagco Inc. boosted its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 4.8% during the 3rd quarter. Dagco Inc. now owns 359,049 shares of the company’s stock valued at $13,651,000 after buying an additional 16,391 shares during the last quarter. Finally, Precedent Wealth Partners LLC grew its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 14.3% during the third quarter. Precedent Wealth Partners LLC now owns 244,732 shares of the company’s stock worth $9,305,000 after buying an additional 30,683 shares in the last quarter.

First Trust SMID Cap Rising Dividend Achievers ETF Trading Down 2.1%

Shares of NASDAQ:SDVY opened at $41.64 on Tuesday. The company has a fifty day simple moving average of $40.42 and a 200 day simple moving average of $38.71. The firm has a market cap of $10.44 billion, a PE ratio of 14.54 and a beta of 1.12. First Trust SMID Cap Rising Dividend Achievers ETF has a 12-month low of $28.84 and a 12-month high of $42.89.

First Trust SMID Cap Rising Dividend Achievers ETF Increases Dividend

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

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.