Smith Chas P & Associates PA Cpas Has $43.33 Million Position in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Smith Chas P & Associates PA Cpas cut its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 2.1% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 1,004,463 shares of the company’s stock after selling 21,995 shares during the period. First Trust SMID Cap Rising Dividend Achievers ETF comprises approximately 2.1% of Smith Chas P & Associates PA Cpas’ holdings, making the stock its 22nd largest holding. Smith Chas P & Associates PA Cpas’ holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $43,333,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Pinnacle Associates Ltd. raised its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 8.3% during the 4th quarter. Pinnacle Associates Ltd. now owns 252,704 shares of the company’s stock worth $9,684,000 after purchasing an additional 19,452 shares in the last quarter. Gilpin Wealth Management LLC acquired a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the 4th quarter valued at approximately $519,000. OakTrust Wealth Advisors LLC bought a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the fourth quarter valued at $2,374,000. Arax Advisory Partners bought a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the fourth quarter valued at $8,780,000. Finally, Gaddis Premier Wealth Advisors LLC acquired a new position in First Trust SMID Cap Rising Dividend Achievers ETF during the fourth quarter worth $5,719,000.

First Trust SMID Cap Rising Dividend Achievers ETF Price Performance

NASDAQ SDVY traded up $0.34 on Friday, hitting $42.67. 1,043,599 shares of the stock were exchanged, compared to its average volume of 1,331,416. The business’s fifty day moving average is $43.61 and its 200 day moving average is $42.12. First Trust SMID Cap Rising Dividend Achievers ETF has a 52 week low of $36.40 and a 52 week high of $45.11. The company has a market capitalization of $11.28 billion, a PE ratio of 14.54 and a beta of 1.00.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

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

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.