Collaborative Wealth Managment Inc. Lowers Position in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Collaborative Wealth Managment Inc. trimmed its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 77.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,279 shares of the company’s stock after selling 28,754 shares during the period. Collaborative Wealth Managment Inc.’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $326,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in SDVY. Eagle Bay Advisors LLC purchased a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the 4th quarter worth approximately $25,000. Oakworth Capital Inc. bought a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the fourth quarter valued at approximately $25,000. Trust Co. of Vermont purchased a new position in First Trust SMID Cap Rising Dividend Achievers ETF during the fourth quarter valued at approximately $27,000. Smartleaf Asset Management LLC purchased a new position in First Trust SMID Cap Rising Dividend Achievers ETF during the fourth quarter valued at approximately $28,000. Finally, EQ Wealth Advisors LLC bought a new position in First Trust SMID Cap Rising Dividend Achievers ETF in the fourth quarter worth approximately $30,000.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Up 0.3%

Shares of NASDAQ:SDVY opened at $43.04 on Thursday. The company has a market capitalization of $11.36 billion, a price-to-earnings ratio of 14.54 and a beta of 1.01. The firm has a 50 day moving average of $42.05 and a 200 day moving average of $41.22. First Trust SMID Cap Rising Dividend Achievers ETF has a 52 week low of $35.03 and a 52 week high of $43.63.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were paid a dividend of $0.0901 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Thursday, June 25th.

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.