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

Stegent Equity Advisors Inc. reduced its position in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) by 8.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,933 shares of the company’s stock after selling 575 shares during the period. Stegent Equity Advisors Inc.’s holdings in First Trust SMID Cap Rising Dividend Archievers ETF were worth $213,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Avidian Wealth Enterprises LLC raised its position in First Trust SMID Cap Rising Dividend Archievers ETF by 2.0% during the third quarter. Avidian Wealth Enterprises LLC now owns 15,054 shares of the company’s stock valued at $548,000 after purchasing an additional 295 shares during the period. DHK Financial Advisors Inc. raised its position in First Trust SMID Cap Rising Dividend Archievers ETF by 0.5% during the fourth quarter. DHK Financial Advisors Inc. now owns 58,897 shares of the company’s stock valued at $2,111,000 after purchasing an additional 297 shares during the period. tru Independence LLC raised its position in First Trust SMID Cap Rising Dividend Archievers ETF by 1.2% during the fourth quarter. tru Independence LLC now owns 31,039 shares of the company’s stock valued at $1,113,000 after purchasing an additional 362 shares during the period. Second Half Financial Partners LLC grew its stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 3.9% during the third quarter. Second Half Financial Partners LLC now owns 9,740 shares of the company’s stock valued at $354,000 after buying an additional 365 shares during the last quarter. Finally, Pineridge Advisors LLC grew its stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 138.9% during the fourth quarter. Pineridge Advisors LLC now owns 762 shares of the company’s stock valued at $27,000 after buying an additional 443 shares during the last quarter.

First Trust SMID Cap Rising Dividend Archievers ETF Stock Performance

SDVY opened at $35.50 on Thursday. The stock has a market cap of $7.91 billion, a price-to-earnings ratio of 12.91 and a beta of 1.18. The stock’s 50 day moving average price is $36.63 and its 200-day moving average price is $36.69. First Trust SMID Cap Rising Dividend Archievers ETF has a one year low of $32.22 and a one year high of $40.60.

First Trust SMID Cap Rising Dividend Archievers ETF Announces Dividend

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were paid a dividend of $0.1821 per share. The ex-dividend date of this dividend was Friday, December 13th.

About First Trust SMID Cap Rising Dividend Archievers ETF

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.