Thurston Springer Miller Herd & Titak Inc. Has $196,000 Stock Position in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Thurston Springer Miller Herd & Titak Inc. cut its holdings in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 92.2% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,168 shares of the company’s stock after selling 61,258 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $196,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Hantz Financial Services Inc. bought a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the second quarter worth about $33,000. Fifth Third Bancorp grew its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 120.9% during the 2nd quarter. Fifth Third Bancorp now owns 952 shares of the company’s stock valued at $34,000 after purchasing an additional 521 shares during the last quarter. Atlantic Union Bankshares Corp acquired a new position in First Trust SMID Cap Rising Dividend Achievers ETF during the 2nd quarter worth approximately $34,000. Winnow Wealth LLC acquired a new position in First Trust SMID Cap Rising Dividend Achievers ETF during the 2nd quarter worth approximately $42,000. Finally, Bank of Montreal Can lifted its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 4,082.8% in the 2nd quarter. Bank of Montreal Can now owns 1,213 shares of the company’s stock valued at $43,000 after purchasing an additional 1,184 shares during the last quarter.

First Trust SMID Cap Rising Dividend Achievers ETF Price Performance

Shares of First Trust SMID Cap Rising Dividend Achievers ETF stock opened at $38.96 on Wednesday. The company’s 50 day moving average price is $37.77 and its two-hundred day moving average price is $37.02. The firm has a market capitalization of $9.36 billion, a P/E ratio of 14.54 and a beta of 1.12. First Trust SMID Cap Rising Dividend Achievers ETF has a fifty-two week low of $28.84 and a fifty-two week high of $39.60.

First Trust SMID Cap Rising Dividend Achievers ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Friday, December 12th will be issued a dividend of $0.1305 per share. This is a positive change from First Trust SMID Cap Rising Dividend Achievers ETF’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Friday, December 12th. This represents a $0.52 annualized dividend and a dividend yield of 1.3%.

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.