Prostatis Group LLC Decreases Position in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Prostatis Group LLC decreased its position in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 26.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 70,306 shares of the company’s stock after selling 25,894 shares during the quarter. Prostatis Group LLC’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $2,480,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Farther Finance Advisors LLC increased its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 1.2% in the second quarter. Farther Finance Advisors LLC now owns 28,969 shares of the company’s stock valued at $1,022,000 after acquiring an additional 333 shares during the period. Ameritas Advisory Services LLC increased its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 0.8% in the second quarter. Ameritas Advisory Services LLC now owns 41,112 shares of the company’s stock valued at $1,450,000 after acquiring an additional 335 shares during the period. Purus Wealth Management LLC increased its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 0.7% in the first quarter. Purus Wealth Management LLC now owns 51,922 shares of the company’s stock valued at $1,739,000 after acquiring an additional 355 shares during the period. Arbor Capital Management Inc. ADV increased its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 3.9% in the first quarter. Arbor Capital Management Inc. ADV now owns 10,198 shares of the company’s stock valued at $345,000 after acquiring an additional 383 shares during the period. Finally, Clear Creek Financial Management LLC increased its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 1.4% in the second quarter. Clear Creek Financial Management LLC now owns 28,224 shares of the company’s stock valued at $996,000 after acquiring an additional 391 shares during the period.

First Trust SMID Cap Rising Dividend Achievers ETF Trading Down 2.4%

SDVY stock opened at $36.47 on Friday. The firm’s 50-day moving average price is $37.64 and its two-hundred day moving average price is $35.36. First Trust SMID Cap Rising Dividend Achievers ETF has a 12-month low of $28.84 and a 12-month high of $40.60. The stock has a market capitalization of $8.65 billion, a price-to-earnings ratio of 14.54 and a beta of 1.18.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Thursday, September 25th were given 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%.

First Trust SMID Cap Rising Dividend Achievers ETF 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.