First Trust SMID Cap Rising Dividend Achievers ETF $SDVY Stock: Triumph Capital Management Trims Stake

Triumph Capital Management trimmed its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 8.2% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 165,601 shares of the company’s stock after selling 14,864 shares during the quarter. First Trust SMID Cap Rising Dividend Achievers ETF comprises about 1.2% of Triumph Capital Management’s investment portfolio, making the stock its 13th largest holding. Triumph Capital Management owned approximately 0.06% of First Trust SMID Cap Rising Dividend Achievers ETF worth $6,720,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Elevation Point Wealth Partners LLC grew its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 14,172.1% in the 1st quarter. Elevation Point Wealth Partners LLC now owns 1,039,862 shares of the company’s stock worth $41,002,000 after buying an additional 1,032,576 shares during the last quarter. Decker Wealth Management LLC purchased a new stake in First Trust SMID Cap Rising Dividend Achievers ETF during the first quarter valued at approximately $24,789,000. Arkadios Wealth Advisors lifted its position in First Trust SMID Cap Rising Dividend Achievers ETF by 191.4% during the first quarter. Arkadios Wealth Advisors now owns 861,728 shares of the company’s stock valued at $33,978,000 after acquiring an additional 566,039 shares during the last quarter. Bank of America Corp DE lifted its position in First Trust SMID Cap Rising Dividend Achievers ETF by 6.3% during the first quarter. Bank of America Corp DE now owns 9,463,585 shares of the company’s stock valued at $373,149,000 after acquiring an additional 564,137 shares during the last quarter. Finally, Rockefeller Capital Management L.P. lifted its position in First Trust SMID Cap Rising Dividend Achievers ETF by 92.2% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,122,947 shares of the company’s stock valued at $43,031,000 after acquiring an additional 538,692 shares during the last quarter.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Performance

SDVY traded down $0.29 during trading on Wednesday, hitting $41.09. The stock had a trading volume of 891,701 shares, compared to its average volume of 1,289,645. The stock has a 50 day simple moving average of $42.68 and a two-hundred day simple moving average of $42.29. First Trust SMID Cap Rising Dividend Achievers ETF has a twelve month low of $36.40 and a twelve month high of $45.11. The company has a market capitalization of $10.89 billion, a PE ratio of 14.54 and a beta of 1.01.

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 issued a dividend of $0.1002 per share. The ex-dividend date was Thursday, September 24th. This represents a $0.40 annualized dividend and a dividend yield of 1.0%. This is a boost from First Trust SMID Cap Rising Dividend Achievers ETF’s previous quarterly dividend of $0.0901.

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.