First Trust SMID Cap Rising Dividend Achievers ETF $SDVY Shares Sold by LM Advisors LLC

LM Advisors LLC lowered its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 96.0% in the fourth quarter, HoldingsChannel.com reports. 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 have also recently modified their holdings of SDVY. LPL Financial LLC grew its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 4.8% during the fourth quarter. LPL Financial LLC now owns 24,892,169 shares of the company’s stock worth $953,868,000 after purchasing an additional 1,135,800 shares in the last quarter. Raymond James Financial Inc. grew its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 6.9% during the third quarter. Raymond James Financial Inc. now owns 12,844,014 shares of the company’s stock worth $488,323,000 after purchasing an additional 825,345 shares in the last quarter. Axxcess Wealth Management LLC grew its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 4,508.1% during the fourth quarter. Axxcess Wealth Management LLC now owns 806,331 shares of the company’s stock worth $30,899,000 after purchasing an additional 788,833 shares in the last quarter. Bank of America Corp DE grew its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 8.3% during the third quarter. Bank of America Corp DE now owns 7,982,389 shares of the company’s stock worth $303,486,000 after purchasing an additional 614,123 shares in the last quarter. Finally, JSF Financial LLC acquired a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the fourth quarter worth $22,029,000.

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

Shares of SDVY stock opened at $42.38 on Friday. First Trust SMID Cap Rising Dividend Achievers ETF has a 12 month low of $34.19 and a 12 month high of $42.89. The company has a market cap of $10.97 billion, a P/E ratio of 14.54 and a beta of 1.01. The firm has a fifty day moving average price of $41.52 and a 200 day moving average price of $40.54.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were given a $0.0976 dividend. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $0.39 dividend on an annualized basis and a yield of 0.9%.

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.