MinichMacGregor Wealth Management LLC Cuts Holdings in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY)

MinichMacGregor Wealth Management LLC lowered its position in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) by 3.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 41,060 shares of the company’s stock after selling 1,267 shares during the quarter. MinichMacGregor Wealth Management LLC’s holdings in First Trust SMID Cap Rising Dividend Archievers ETF were worth $1,494,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. LPL Financial LLC grew its holdings in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 15.9% during the 2nd quarter. LPL Financial LLC now owns 15,358,397 shares of the company’s stock worth $512,663,000 after purchasing an additional 2,105,789 shares during the period. Raymond James & Associates lifted its position in First Trust SMID Cap Rising Dividend Archievers ETF by 18.8% during the third quarter. Raymond James & Associates now owns 4,234,856 shares of the company’s stock valued at $154,064,000 after buying an additional 669,172 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in First Trust SMID Cap Rising Dividend Archievers ETF by 34.4% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 3,266,343 shares of the company’s stock worth $109,031,000 after buying an additional 835,904 shares during the period. Capital Investment Advisors LLC increased its position in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 7.8% in the third quarter. Capital Investment Advisors LLC now owns 3,242,678 shares of the company’s stock worth $117,969,000 after acquiring an additional 234,870 shares in the last quarter. Finally, LVZ Inc. raised its stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 0.8% in the 2nd quarter. LVZ Inc. now owns 2,716,224 shares of the company’s stock valued at $90,668,000 after acquiring an additional 22,837 shares during the period.

First Trust SMID Cap Rising Dividend Archievers ETF Stock Performance

First Trust SMID Cap Rising Dividend Archievers ETF stock traded up $0.27 during trading on Tuesday, reaching $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 52-week low of $27.26 and a 52-week high of $37.55. The firm has a market cap of $6.36 billion, a price-to-earnings ratio of 8.30 and a beta of 1.18. The company’s 50-day moving average is $35.91 and its two-hundred day moving average is $34.74.

First Trust SMID Cap Rising Dividend Archievers ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were paid a $0.1383 dividend. The ex-dividend date was Thursday, September 26th. This represents a $0.55 dividend on an annualized basis 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.