Lifestyle Asset Management Inc. Cuts Holdings in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Lifestyle Asset Management Inc. decreased its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 86.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 47,959 shares of the company’s stock after selling 311,794 shares during the period. Lifestyle Asset Management Inc.’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $1,838,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. J.W. Cole Advisors Inc. boosted its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 4.8% during the 4th quarter. J.W. Cole Advisors Inc. now owns 321,990 shares of the company’s stock worth $11,905,000 after acquiring an additional 14,750 shares in the last quarter. Vise Technologies Inc. acquired a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the 4th quarter worth about $746,000. Continuum Advisory LLC boosted its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 10.8% during the 4th quarter. Continuum Advisory LLC now owns 99,744 shares of the company’s stock worth $3,822,000 after acquiring an additional 9,726 shares in the last quarter. Cibc World Market Inc. boosted its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 4.2% during the 4th quarter. Cibc World Market Inc. now owns 9,209 shares of the company’s stock worth $353,000 after acquiring an additional 370 shares in the last quarter. Finally, Private Wealth Asset Management LLC boosted its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 27.0% during the 4th quarter. Private Wealth Asset Management LLC now owns 357,588 shares of the company’s stock worth $13,703,000 after acquiring an additional 76,039 shares in the last quarter.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Performance

NASDAQ:SDVY opened at $41.56 on Friday. The stock has a 50-day simple moving average of $41.23 and a 200-day simple moving average of $40.36. The stock has a market cap of $10.76 billion, a P/E ratio of 14.54 and a beta of 1.01. First Trust SMID Cap Rising Dividend Achievers ETF has a 1 year low of $34.19 and a 1 year high of $42.89.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were given a dividend of $0.0976 per share. This represents a $0.39 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend 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.