RFG Advisory LLC Cuts Stock Holdings in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

RFG Advisory LLC decreased its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 15.2% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 259,646 shares of the company’s stock after selling 46,690 shares during the period. RFG Advisory LLC owned 0.10% of First Trust SMID Cap Rising Dividend Achievers ETF worth $9,950,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in SDVY. GoalVest Advisory LLC purchased a new position in First Trust SMID Cap Rising Dividend Achievers ETF during the 3rd quarter valued at about $25,000. Bank of Jackson Hole Trust purchased a new position in First Trust SMID Cap Rising Dividend Achievers ETF during the 3rd quarter valued at about $25,000. Eagle Bay Advisors LLC purchased a new position in First Trust SMID Cap Rising Dividend Achievers ETF during the 4th quarter valued at about $25,000. Oakworth Capital Inc. purchased a new position in First Trust SMID Cap Rising Dividend Achievers ETF during the 4th quarter valued at about $25,000. Finally, Trust Co. of Vermont purchased a new position in First Trust SMID Cap Rising Dividend Achievers ETF during the 4th quarter valued at about $27,000.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Performance

NASDAQ SDVY opened at $42.32 on Wednesday. The company has a market capitalization of $10.95 billion, a price-to-earnings ratio of 14.54 and a beta of 1.04. The company’s 50-day simple moving average is $40.84 and its two-hundred day simple moving average is $39.77. First Trust SMID Cap Rising Dividend Achievers ETF has a one year low of $32.96 and a one year high of $42.89.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

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

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.