First Trust SMID Cap Rising Dividend Achievers ETF $SDVY Holdings Reduced by Kestra Advisory Services LLC

Kestra Advisory Services LLC cut its stake in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 4.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,620,863 shares of the company’s stock after selling 80,662 shares during the period. Kestra Advisory Services LLC owned approximately 0.61% of First Trust SMID Cap Rising Dividend Achievers ETF worth $65,775,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. MCF Advisors LLC acquired a new position in First Trust SMID Cap Rising Dividend Achievers ETF in the 2nd quarter valued at approximately $9,702,000. Pinnacle Wealth Management Advisory Group LLC grew its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 9.7% during the 2nd quarter. Pinnacle Wealth Management Advisory Group LLC now owns 212,206 shares of the company’s stock worth $9,155,000 after purchasing an additional 18,769 shares in the last quarter. Guardian Wealth Advisors LLC NC grew its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 4.4% during the 2nd quarter. Guardian Wealth Advisors LLC NC now owns 571,663 shares of the company’s stock worth $24,662,000 after purchasing an additional 24,311 shares in the last quarter. Benjamin Edwards Inc. grew its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 13.0% during the 2nd quarter. Benjamin Edwards Inc. now owns 298,897 shares of the company’s stock worth $12,896,000 after purchasing an additional 34,295 shares in the last quarter. Finally, Southern Financial Group LLC increased its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 0.9% during the first quarter. Southern Financial Group LLC now owns 1,303,502 shares of the company’s stock valued at $51,397,000 after purchasing an additional 11,694 shares during the period.

First Trust SMID Cap Rising Dividend Achievers ETF Price Performance

Shares of SDVY stock opened at $42.03 on Friday. The stock has a market cap of $11.10 billion, a P/E ratio of 14.54 and a beta of 1.02. First Trust SMID Cap Rising Dividend Achievers ETF has a one year low of $36.40 and a one year high of $45.11. The stock has a fifty day moving average price of $42.01 and a 200 day moving average price of $41.96.

First Trust SMID Cap Rising Dividend Achievers ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th were paid a $0.1002 dividend. The ex-dividend date was Thursday, September 24th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.0%. This is a positive change from First Trust SMID Cap Rising Dividend Achievers ETF’s previous quarterly dividend of $0.0901.

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.