First Trust SMID Cap Rising Dividend Achievers ETF $SDVY is Ergawealth Advisors Inc.’s 8th Largest Position

Ergawealth Advisors Inc. lowered its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 8.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 271,747 shares of the company’s stock after selling 25,728 shares during the quarter. First Trust SMID Cap Rising Dividend Achievers ETF comprises 4.3% of Ergawealth Advisors Inc.’s portfolio, making the stock its 8th largest position. Ergawealth Advisors Inc. owned approximately 0.12% of First Trust SMID Cap Rising Dividend Achievers ETF worth $9,587,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Raymond James Financial Inc. grew its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 17.5% during the 1st quarter. Raymond James Financial Inc. now owns 12,496,285 shares of the company’s stock worth $418,626,000 after acquiring an additional 1,860,262 shares during the period. Cetera Investment Advisers boosted its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 45.1% during the first quarter. Cetera Investment Advisers now owns 5,003,154 shares of the company’s stock valued at $167,606,000 after purchasing an additional 1,556,017 shares in the last quarter. LPL Financial LLC grew its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 6.6% in the first quarter. LPL Financial LLC now owns 23,374,014 shares of the company’s stock worth $783,029,000 after purchasing an additional 1,438,128 shares during the period. Csenge Advisory Group raised its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 188.0% in the first quarter. Csenge Advisory Group now owns 656,487 shares of the company’s stock worth $20,574,000 after purchasing an additional 428,508 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 38.5% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 1,493,516 shares of the company’s stock worth $50,033,000 after purchasing an additional 415,096 shares in the last quarter.

First Trust SMID Cap Rising Dividend Achievers ETF Trading Up 0.1%

Shares of SDVY stock opened at $38.02 on Friday. First Trust SMID Cap Rising Dividend Achievers ETF has a 12 month low of $28.84 and a 12 month high of $40.60. The stock has a market cap of $8.96 billion, a PE ratio of 14.54 and a beta of 1.18. The company’s fifty day moving average price is $37.51 and its 200-day moving average price is $35.24.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Thursday, September 25th were paid a dividend of $0.095 per share. The ex-dividend date of this dividend was Thursday, September 25th. This represents a $0.38 annualized dividend and a yield of 1.0%.

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.