First Trust SMID Cap Rising Dividend Achievers ETF $SDVY Shares Sold by Truist Financial Corp

Truist Financial Corp trimmed its position in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 15.2% in the second quarter, HoldingsChannel.com reports. The firm owned 2,371,783 shares of the company’s stock after selling 425,226 shares during the quarter. Truist Financial Corp’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $83,676,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Trivium Point Advisory LLC lifted its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 4.6% during the 2nd quarter. Trivium Point Advisory LLC now owns 80,066 shares of the company’s stock valued at $2,825,000 after acquiring an additional 3,494 shares during the last quarter. Capital Investment Advisors LLC lifted its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 6.4% during the 2nd quarter. Capital Investment Advisors LLC now owns 3,972,146 shares of the company’s stock valued at $140,137,000 after acquiring an additional 240,655 shares during the last quarter. Centennial Wealth Advisory LLC lifted its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 75.1% during the 2nd quarter. Centennial Wealth Advisory LLC now owns 15,862 shares of the company’s stock valued at $560,000 after acquiring an additional 6,805 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 1.9% during the 2nd quarter. Janney Montgomery Scott LLC now owns 779,069 shares of the company’s stock valued at $27,486,000 after acquiring an additional 14,658 shares during the last quarter. Finally, Smith Chas P & Associates PA Cpas lifted its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 2.6% during the 2nd quarter. Smith Chas P & Associates PA Cpas now owns 1,028,128 shares of the company’s stock valued at $36,272,000 after acquiring an additional 25,667 shares during the last quarter.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Performance

Shares of NASDAQ:SDVY opened at $37.95 on Thursday. First Trust SMID Cap Rising Dividend Achievers ETF has a one year low of $28.84 and a one year high of $40.60. The stock has a fifty day moving average of $37.45 and a 200-day moving average of $35.17. The company has a market capitalization of $8.80 billion, a PE ratio of 14.54 and a beta of 1.18.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Thursday, September 25th were issued a $0.095 dividend. The ex-dividend date was Thursday, September 25th. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.0%.

About First Trust SMID Cap Rising Dividend Achievers ETF

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.