Stegent Equity Advisors Inc. Decreases Position in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY)

Stegent Equity Advisors Inc. lowered its stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) by 73.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,508 shares of the company’s stock after selling 17,856 shares during the quarter. Stegent Equity Advisors Inc.’s holdings in First Trust SMID Cap Rising Dividend Archievers ETF were worth $237,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Hazlett Burt & Watson Inc. acquired a new position in First Trust SMID Cap Rising Dividend Archievers ETF during the 2nd quarter worth approximately $28,000. Strategic Financial Concepts LLC acquired a new position in shares of First Trust SMID Cap Rising Dividend Archievers ETF during the second quarter worth $28,000. Benjamin Edwards Inc. purchased a new position in First Trust SMID Cap Rising Dividend Archievers ETF in the first quarter valued at $32,000. EverSource Wealth Advisors LLC purchased a new position in First Trust SMID Cap Rising Dividend Archievers ETF in the first quarter valued at $34,000. Finally, Mather Group LLC. acquired a new stake in First Trust SMID Cap Rising Dividend Archievers ETF in the second quarter valued at $35,000.

First Trust SMID Cap Rising Dividend Archievers ETF Stock Performance

NASDAQ SDVY traded down $0.16 during trading on Friday, reaching $37.30. 491,490 shares of the company’s stock were exchanged, compared to its average volume of 1,111,934. 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 $6.40 billion, a P/E ratio of 8.30 and a beta of 1.18. The company has a 50 day moving average price of $35.59 and a two-hundred day moving average price of $34.51.

First Trust SMID Cap Rising Dividend Archievers ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were issued a $0.1383 dividend. This represents a $0.55 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date was Thursday, September 26th.

First Trust SMID Cap Rising Dividend Archievers 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.