Collaborative Wealth Managment Inc. Lowers Stake in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Collaborative Wealth Managment Inc. cut its stake in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 77.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,279 shares of the company’s stock after selling 28,754 shares during the period. Collaborative Wealth Managment Inc.’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $326,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. LPL Financial LLC lifted its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 4.8% during the 4th quarter. LPL Financial LLC now owns 24,892,169 shares of the company’s stock valued at $953,868,000 after buying an additional 1,135,800 shares in the last quarter. Morgan Stanley increased its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 0.7% during the fourth quarter. Morgan Stanley now owns 17,946,856 shares of the company’s stock worth $687,724,000 after acquiring an additional 130,885 shares during the period. Raymond James Financial Inc. increased its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 9.8% during the fourth quarter. Raymond James Financial Inc. now owns 14,105,263 shares of the company’s stock worth $540,514,000 after acquiring an additional 1,261,249 shares during the period. Bank of America Corp DE raised its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 8.3% during the third quarter. Bank of America Corp DE now owns 7,982,389 shares of the company’s stock valued at $303,486,000 after acquiring an additional 614,123 shares in the last quarter. Finally, Cetera Investment Advisers raised its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 6.2% during the fourth quarter. Cetera Investment Advisers now owns 7,715,939 shares of the company’s stock valued at $295,675,000 after acquiring an additional 451,662 shares in the last quarter.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Performance

Shares of NASDAQ SDVY opened at $43.04 on Thursday. First Trust SMID Cap Rising Dividend Achievers ETF has a 52-week low of $35.03 and a 52-week high of $43.63. The firm has a market capitalization of $11.36 billion, a price-to-earnings ratio of 14.54 and a beta of 1.01. The stock has a 50 day moving average price of $42.05 and a 200 day moving average price of $41.22.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were issued a $0.0901 dividend. This represents a $0.36 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Thursday, June 25th.

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.