Creative Financial Designs Inc. ADV Decreases Stake in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Creative Financial Designs Inc. ADV reduced its stake in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 48.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 55,251 shares of the company’s stock after selling 51,182 shares during the period. Creative Financial Designs Inc. ADV’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $2,117,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in SDVY. Raymond James Financial Inc. increased its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 6.9% during the third quarter. Raymond James Financial Inc. now owns 12,844,014 shares of the company’s stock valued at $488,323,000 after buying an additional 825,345 shares during the period. Bank of America Corp DE increased its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 8.3% during the third quarter. Bank of America Corp DE now owns 7,982,389 shares of the company’s stock valued at $303,486,000 after buying an additional 614,123 shares during the period. JSF Financial LLC purchased a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the fourth quarter valued at approximately $22,029,000. Trilogy Capital Inc. purchased a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the fourth quarter valued at approximately $21,219,000. Finally, HighTower Advisors LLC increased its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 20.3% during the third quarter. HighTower Advisors LLC now owns 3,127,052 shares of the company’s stock valued at $118,890,000 after buying an additional 528,572 shares during the period.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Performance

SDVY opened at $41.28 on Thursday. First Trust SMID Cap Rising Dividend Achievers ETF has a 52-week low of $33.54 and a 52-week high of $42.89. The stock has a market capitalization of $10.69 billion, a PE ratio of 14.54 and a beta of 1.04. The stock’s 50 day moving average price is $40.80 and its 200-day moving average price is $40.07.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were paid a dividend of $0.0976 per share. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $0.39 annualized dividend and a dividend yield of 0.9%.

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.