RiverTree Advisors LLC Decreases Stake in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY)

RiverTree Advisors LLC reduced its stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) by 7.5% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 154,674 shares of the company’s stock after selling 12,531 shares during the period. First Trust SMID Cap Rising Dividend Archievers ETF makes up about 3.8% of RiverTree Advisors LLC’s holdings, making the stock its 11th largest position. RiverTree Advisors LLC’s holdings in First Trust SMID Cap Rising Dividend Archievers ETF were worth $5,627,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. Investment Partners LTD. raised its stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 1.5% during the 1st quarter. Investment Partners LTD. now owns 21,271 shares of the company’s stock worth $741,000 after buying an additional 315 shares during the last quarter. CX Institutional raised its stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 0.4% during the 3rd quarter. CX Institutional now owns 94,576 shares of the company’s stock worth $3,441,000 after buying an additional 383 shares during the last quarter. Thrivent Financial for Lutherans raised its stake in First Trust SMID Cap Rising Dividend Archievers ETF by 1.2% in the 2nd quarter. Thrivent Financial for Lutherans now owns 36,085 shares of the company’s stock valued at $1,205,000 after purchasing an additional 417 shares during the last quarter. World Equity Group Inc. raised its stake in First Trust SMID Cap Rising Dividend Archievers ETF by 0.4% in the 2nd quarter. World Equity Group Inc. now owns 108,498 shares of the company’s stock valued at $3,622,000 after purchasing an additional 423 shares during the last quarter. Finally, Private Client Services LLC raised its stake in First Trust SMID Cap Rising Dividend Archievers ETF by 6.6% in the 2nd quarter. Private Client Services LLC now owns 6,929 shares of the company’s stock valued at $231,000 after purchasing an additional 426 shares during the last quarter.

First Trust SMID Cap Rising Dividend Archievers ETF Stock Performance

SDVY stock traded down $0.03 during trading on Thursday, hitting $36.11. The stock had a trading volume of 171,830 shares, compared to its average volume of 1,108,772. The company’s 50 day moving average price is $35.74 and its two-hundred day moving average price is $34.56. First Trust SMID Cap Rising Dividend Archievers ETF has a 1-year low of $26.40 and a 1-year high of $37.55. The stock has a market cap of $6.23 billion, a price-to-earnings ratio of 8.30 and a beta of 1.18.

First Trust SMID Cap Rising Dividend Archievers ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were paid a $0.1383 dividend. This represents a $0.55 annualized dividend and a yield of 1.53%. The ex-dividend date of this dividend was Thursday, September 26th.

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.