RFG Advisory LLC Sells 46,690 Shares of First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

RFG Advisory LLC reduced its position in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 15.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 259,646 shares of the company’s stock after selling 46,690 shares during the period. RFG Advisory LLC’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $9,950,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. AssuredPartners Investment Advisors LLC boosted its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 436.4% in the 4th quarter. AssuredPartners Investment Advisors LLC now owns 111,604 shares of the company’s stock valued at $4,277,000 after buying an additional 90,797 shares in the last quarter. Hidden Cove Wealth Management LLC boosted its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 40.7% in the 4th quarter. Hidden Cove Wealth Management LLC now owns 10,459 shares of the company’s stock valued at $401,000 after buying an additional 3,028 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC boosted its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 8.8% in the 4th quarter. Pinnacle Wealth Management Advisory Group LLC now owns 175,745 shares of the company’s stock valued at $6,735,000 after buying an additional 14,173 shares in the last quarter. Grantvest Financial Group LLC boosted its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 4.4% in the 4th quarter. Grantvest Financial Group LLC now owns 42,066 shares of the company’s stock valued at $1,612,000 after buying an additional 1,773 shares in the last quarter. Finally, Mutual Advisors LLC boosted its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 18.9% in the 4th quarter. Mutual Advisors LLC now owns 100,018 shares of the company’s stock valued at $3,833,000 after buying an additional 15,885 shares in the last quarter.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Performance

NASDAQ:SDVY opened at $42.32 on Wednesday. First Trust SMID Cap Rising Dividend Achievers ETF has a fifty-two week low of $32.96 and a fifty-two week high of $42.89. The stock has a market capitalization of $10.95 billion, a P/E ratio of 14.54 and a beta of 1.04. The company’s 50-day simple moving average is $40.84 and its 200-day simple moving average is $39.77.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors 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 dividend on an annualized basis and a 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.