MinichMacGregor Wealth Management LLC Sells 1,267 Shares of First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY)

MinichMacGregor Wealth Management LLC reduced its stake in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) by 3.0% during the 3rd quarter, Holdings Channel reports. The firm owned 41,060 shares of the company’s stock after selling 1,267 shares during the period. MinichMacGregor Wealth Management LLC’s holdings in First Trust SMID Cap Rising Dividend Archievers ETF were worth $1,494,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Janney Montgomery Scott LLC increased its stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 10.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 269,868 shares of the company’s stock valued at $9,397,000 after acquiring an additional 26,042 shares during the last quarter. Mutual Advisors LLC boosted its position in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 383.4% during the first quarter. Mutual Advisors LLC now owns 46,995 shares of the company’s stock worth $1,636,000 after purchasing an additional 37,274 shares in the last quarter. Avidian Wealth Solutions LLC grew its holdings in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 12.5% in the 1st quarter. Avidian Wealth Solutions LLC now owns 17,855 shares of the company’s stock valued at $622,000 after buying an additional 1,989 shares during the period. Clarity Capital Partners LLC bought a new stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF in the 1st quarter valued at $256,000. Finally, VitalStone Financial LLC raised its stake in First Trust SMID Cap Rising Dividend Archievers ETF by 1,148.6% during the 1st quarter. VitalStone Financial LLC now owns 14,759 shares of the company’s stock worth $514,000 after buying an additional 13,577 shares during the period.

First Trust SMID Cap Rising Dividend Archievers ETF Stock Performance

SDVY stock traded up $0.27 during midday trading on Tuesday, hitting $36.31. 113,372 shares of the company’s stock were exchanged, compared to its average volume of 1,100,906. First Trust SMID Cap Rising Dividend Archievers ETF has a one year low of $27.26 and a one year high of $37.55. The stock’s fifty day moving average price is $35.91 and its 200-day moving average price is $34.74. The company has a market cap of $6.36 billion, a PE ratio of 8.30 and a beta of 1.18.

First Trust SMID Cap Rising Dividend Archievers ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were given a $0.1383 dividend. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $0.55 annualized dividend and a dividend yield of 1.52%.

About First Trust SMID Cap Rising Dividend Archievers 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.