LM Advisors LLC Cuts Position in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

LM Advisors LLC decreased its position in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 96.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,472 shares of the company’s stock after selling 83,891 shares during the quarter. LM Advisors LLC’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $133,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. TD Waterhouse Canada Inc. raised its position in First Trust SMID Cap Rising Dividend Achievers ETF by 1.7% in the fourth quarter. TD Waterhouse Canada Inc. now owns 15,085 shares of the company’s stock valued at $578,000 after purchasing an additional 251 shares during the period. Keystone Financial Services LLC raised its position in First Trust SMID Cap Rising Dividend Achievers ETF by 1.3% in the fourth quarter. Keystone Financial Services LLC now owns 19,815 shares of the company’s stock valued at $759,000 after purchasing an additional 252 shares during the period. Allie Family Office LLC grew its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 2.3% in the fourth quarter. Allie Family Office LLC now owns 11,545 shares of the company’s stock worth $442,000 after acquiring an additional 264 shares in the last quarter. Insight Inv LLC grew its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 2.0% in the fourth quarter. Insight Inv LLC now owns 13,770 shares of the company’s stock worth $528,000 after acquiring an additional 270 shares in the last quarter. Finally, Fortis Group Advisors LLC grew its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 3.3% in the fourth quarter. Fortis Group Advisors LLC now owns 8,422 shares of the company’s stock worth $340,000 after acquiring an additional 272 shares in the last quarter.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Up 1.0%

NASDAQ:SDVY opened at $42.38 on Friday. The company has a fifty day simple moving average of $41.52 and a two-hundred day simple moving average of $40.54. The company has a market cap of $10.97 billion, a price-to-earnings ratio of 14.54 and a beta of 1.01. First Trust SMID Cap Rising Dividend Achievers ETF has a 52 week low of $34.19 and a 52 week high of $42.89.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were paid a $0.0976 dividend. The ex-dividend date 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.