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

Avior Wealth Management LLC cut its holdings in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) by 18.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 20,787 shares of the company’s stock after selling 4,567 shares during the quarter. Avior Wealth Management LLC’s holdings in First Trust SMID Cap Rising Dividend Archievers ETF were worth $756,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Assetmark Inc. grew its holdings in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 105.2% in the third quarter. Assetmark Inc. now owns 3,211 shares of the company’s stock valued at $117,000 after purchasing an additional 1,646 shares in the last quarter. Fifth Third Bancorp purchased a new position in shares of First Trust SMID Cap Rising Dividend Archievers ETF in the second quarter valued at $298,000. Park National Corp OH lifted its position in First Trust SMID Cap Rising Dividend Archievers ETF by 292.0% in the third quarter. Park National Corp OH now owns 2,531,035 shares of the company’s stock worth $92,079,000 after buying an additional 1,885,435 shares during the last quarter. Cherry Creek Investment Advisors Inc. lifted its position in First Trust SMID Cap Rising Dividend Archievers ETF by 8.8% in the third quarter. Cherry Creek Investment Advisors Inc. now owns 86,313 shares of the company’s stock worth $3,140,000 after buying an additional 6,973 shares during the last quarter. Finally, Triton Wealth Management PLLC bought a new stake in First Trust SMID Cap Rising Dividend Archievers ETF in the third quarter worth $237,000.

First Trust SMID Cap Rising Dividend Archievers ETF Stock Up 0.5 %

Shares of SDVY opened at $38.23 on Thursday. The company has a market cap of $6.69 billion, a PE ratio of 8.30 and a beta of 1.18. The business has a fifty day moving average of $36.63 and a 200 day moving average of $35.13. First Trust SMID Cap Rising Dividend Archievers ETF has a 52-week low of $28.87 and a 52-week high of $39.24.

First Trust SMID Cap Rising Dividend Archievers ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were given a dividend of $0.1383 per share. The ex-dividend date was Thursday, September 26th. This represents a $0.55 annualized dividend and a dividend yield of 1.45%.

First Trust SMID Cap Rising Dividend Archievers 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.