First Trust SMID Cap Rising Dividend Achievers ETF $SDVY Stock Sold by Convergence Financial LLC

Convergence Financial LLC reduced its position in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 49.2% in the 3rd quarter, HoldingsChannel reports. The firm owned 21,699 shares of the company’s stock after selling 21,019 shares during the period. Convergence Financial LLC’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $881,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Investment Partners LTD. grew its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 1.0% during the second quarter. Investment Partners LTD. now owns 24,366 shares of the company’s stock worth $1,051,000 after purchasing an additional 237 shares during the period. Arbor Capital Management Inc. ADV increased its position in First Trust SMID Cap Rising Dividend Achievers ETF by 2.2% during the first quarter. Arbor Capital Management Inc. ADV now owns 12,440 shares of the company’s stock worth $515,000 after buying an additional 267 shares during the last quarter. Manchester Financial Inc. raised its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 1.6% in the first quarter. Manchester Financial Inc. now owns 19,638 shares of the company’s stock valued at $774,000 after buying an additional 305 shares during the period. Lighthouse Wealth Management Inc. raised its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 1.6% in the first quarter. Lighthouse Wealth Management Inc. now owns 20,576 shares of the company’s stock valued at $811,000 after buying an additional 315 shares during the period. Finally, Sei Investments Co. raised its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 5.2% in the first quarter. Sei Investments Co. now owns 6,590 shares of the company’s stock valued at $260,000 after buying an additional 325 shares during the period.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Down 0.5%

SDVY opened at $41.86 on Thursday. First Trust SMID Cap Rising Dividend Achievers ETF has a 12-month low of $36.40 and a 12-month high of $45.11. The stock has a market cap of $11.05 billion, a price-to-earnings ratio of 14.54 and a beta of 1.01. The business has a 50 day moving average of $42.17 and a 200-day moving average of $41.89.

First Trust SMID Cap Rising Dividend Achievers ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Thursday, September 24th were issued a dividend of $0.1002 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Thursday, September 24th. This is a boost from First Trust SMID Cap Rising Dividend Achievers ETF’s previous quarterly dividend of $0.0901.

First Trust SMID Cap Rising Dividend Achievers 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.