Stratos Wealth Partners LTD. Decreases Stock Holdings in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Stratos Wealth Partners LTD. reduced its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 5.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 220,962 shares of the company’s stock after selling 13,517 shares during the period. Stratos Wealth Partners LTD.’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $8,401,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in SDVY. GoalVest Advisory LLC acquired a new position in First Trust SMID Cap Rising Dividend Achievers ETF during the third quarter worth $25,000. Bank of Jackson Hole Trust acquired a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the 3rd quarter valued at about $25,000. Hantz Financial Services Inc. purchased a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the second quarter valued at about $33,000. Atlantic Union Bankshares Corp acquired a new stake in First Trust SMID Cap Rising Dividend Achievers ETF during the second quarter worth about $34,000. Finally, Princeton Global Asset Management LLC purchased a new position in First Trust SMID Cap Rising Dividend Achievers ETF during the third quarter worth about $36,000.

First Trust SMID Cap Rising Dividend Achievers ETF Price Performance

NASDAQ:SDVY opened at $42.28 on Thursday. The company’s 50-day moving average is $39.89 and its two-hundred day moving average is $38.35. First Trust SMID Cap Rising Dividend Achievers ETF has a 1-year low of $28.84 and a 1-year high of $42.72. The firm has a market capitalization of $10.60 billion, a price-to-earnings ratio of 14.54 and a beta of 1.12.

First Trust SMID Cap Rising Dividend Achievers ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were given a $0.1305 dividend. The ex-dividend date was Friday, December 12th. This is a positive change from First Trust SMID Cap Rising Dividend Achievers ETF’s previous quarterly dividend of $0.10. This represents a $0.52 annualized dividend and a yield of 1.2%.

First Trust SMID Cap Rising Dividend Achievers ETF 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.