GeoWealth Management LLC Cuts Stock Holdings in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY)

GeoWealth Management LLC decreased its position in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 21.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,140 shares of the company’s stock after selling 3,587 shares during the quarter. GeoWealth Management LLC’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $471,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. DHK Financial Advisors Inc. increased its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 0.5% in the 4th quarter. DHK Financial Advisors Inc. now owns 58,897 shares of the company’s stock valued at $2,111,000 after buying an additional 297 shares during the last quarter. tru Independence LLC boosted its position in First Trust SMID Cap Rising Dividend Achievers ETF by 1.2% in the fourth quarter. tru Independence LLC now owns 31,039 shares of the company’s stock worth $1,113,000 after purchasing an additional 362 shares during the last quarter. Pineridge Advisors LLC grew its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 138.9% in the 4th quarter. Pineridge Advisors LLC now owns 762 shares of the company’s stock valued at $27,000 after purchasing an additional 443 shares during the period. Capital Investment Counsel LLC increased its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 0.3% during the 4th quarter. Capital Investment Counsel LLC now owns 212,062 shares of the company’s stock valued at $7,602,000 after purchasing an additional 549 shares during the last quarter. Finally, Clear Creek Financial Management LLC raised its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 5.3% during the 4th quarter. Clear Creek Financial Management LLC now owns 11,419 shares of the company’s stock worth $409,000 after purchasing an additional 574 shares during the period.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Performance

SDVY opened at $30.71 on Tuesday. The firm has a market cap of $7.14 billion, a P/E ratio of 12.77 and a beta of 1.18. First Trust SMID Cap Rising Dividend Achievers ETF has a fifty-two week low of $28.84 and a fifty-two week high of $40.60. The firm has a 50-day moving average of $33.49 and a 200 day moving average of $35.98.

First Trust SMID Cap Rising Dividend Achievers ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were paid a $0.1576 dividend. This is an increase from First Trust SMID Cap Rising Dividend Achievers ETF’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $0.63 annualized dividend and a yield of 2.05%.

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.