First Trust SMID Cap Rising Dividend Achievers ETF $SDVY Stake Reduced by RFG Advisory LLC

RFG Advisory LLC decreased its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 11.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 265,289 shares of the company’s stock after selling 35,004 shares during the period. RFG Advisory LLC’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $11,445,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. NewEdge Advisors LLC lifted its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 28.4% during the second quarter. NewEdge Advisors LLC now owns 1,197,586 shares of the company’s stock valued at $51,664,000 after purchasing an additional 265,188 shares during the last quarter. IFP Advisors Inc grew its position in First Trust SMID Cap Rising Dividend Achievers ETF by 2.1% in the second quarter. IFP Advisors Inc now owns 16,772 shares of the company’s stock worth $724,000 after buying an additional 344 shares during the last quarter. Baird Financial Group Inc. grew its position in First Trust SMID Cap Rising Dividend Achievers ETF by 4.2% in the second quarter. Baird Financial Group Inc. now owns 1,760,339 shares of the company’s stock worth $75,941,000 after buying an additional 71,063 shares during the last quarter. Waverly Advisors LLC increased its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 2.4% in the second quarter. Waverly Advisors LLC now owns 72,462 shares of the company’s stock valued at $3,126,000 after buying an additional 1,727 shares in the last quarter. Finally, Parkside Financial Bank & Trust bought a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the second quarter valued at $51,000.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Performance

Shares of NASDAQ:SDVY opened at $42.94 on Wednesday. The company has a market capitalization of $11.35 billion, a PE ratio of 14.54 and a beta of 1.00. The stock has a fifty day moving average of $43.64 and a 200-day moving average of $42.12. First Trust SMID Cap Rising Dividend Achievers ETF has a one year low of $36.40 and a one year high of $45.11.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

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

First Trust SMID Cap Rising Dividend Achievers ETF Company 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.