First Trust SMID Cap Rising Dividend Achievers ETF $SDVY Stock: Provident Wealth Management LLC Lowers Holdings

by · The Markets Daily

Provident Wealth Management LLC cut its stake in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY – Free Report) by 27.7% during the 3rd quarter, HoldingsChannel reports. The firm owned 102,175 shares of the company’s stock after selling 39,197 shares during the quarter. First Trust SMID Cap Rising Dividend Achievers ETF accounts for about 1.5% of Provident Wealth Management LLC’s portfolio, making the stock its 16th largest position. Provident Wealth Management LLC’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $4,146,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Investment Partners LTD. boosted its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 1.0% in the second quarter. Investment Partners LTD. now owns 24,366 shares of the company’s stock worth $1,051,000 after buying an additional 237 shares during the period. Arbor Capital Management Inc. ADV grew its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 2.2% in the first quarter. Arbor Capital Management Inc. ADV now owns 12,440 shares of the company’s stock valued at $515,000 after buying an additional 267 shares in the last quarter. Independent Wealth Network Inc. grew its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 1.7% in the first quarter. Independent Wealth Network Inc. now owns 18,298 shares of the company’s stock valued at $721,000 after buying an additional 301 shares in the last quarter. Manchester Financial Inc. grew its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 1.6% in the first quarter. Manchester Financial Inc. now owns 19,638 shares of the company’s stock valued at $774,000 after buying an additional 305 shares in the last quarter. Finally, Lighthouse Wealth Management Inc. grew its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 1.6% in the first quarter. Lighthouse Wealth Management Inc. now owns 20,576 shares of the company’s stock valued at $811,000 after buying an additional 315 shares in the last quarter.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Performance

Shares of NASDAQ:SDVY opened at $41.92 on Wednesday. The company has a market cap of $11.06 billion, a P/E ratio of 14.54 and a beta of 1.01. First Trust SMID Cap Rising Dividend Achievers ETF has a one year low of $36.40 and a one year high of $45.11. The business’s 50-day simple moving average is $42.44 and its 200 day simple moving average is $42.36.

First Trust SMID Cap Rising Dividend Achievers ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th were issued a $0.1002 dividend. The ex-dividend date was Thursday, September 24th. This represents a $0.40 dividend on an annualized basis and a yield of 1.0%. This is a boost from First Trust SMID Cap Rising Dividend Achievers ETF’s previous quarterly dividend of $0.0901.

First Trust SMID Cap Rising Dividend Achievers ETF Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding SDVY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY – Free Report).