Quantum Private Wealth LLC Cuts Stock Position in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY)

Quantum Private Wealth LLC cut its holdings in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) by 16.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,725 shares of the company’s stock after selling 2,294 shares during the quarter. Quantum Private Wealth LLC’s holdings in First Trust SMID Cap Rising Dividend Archievers ETF were worth $427,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Envestnet Portfolio Solutions Inc. increased its position in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 75.1% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 53,981 shares of the company’s stock worth $1,880,000 after purchasing an additional 23,148 shares in the last quarter. Oppenheimer & Co. Inc. increased its position in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 30.4% during the first quarter. Oppenheimer & Co. Inc. now owns 65,447 shares of the company’s stock worth $2,279,000 after purchasing an additional 15,266 shares in the last quarter. Montag A & Associates Inc. purchased a new stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF during the first quarter worth approximately $128,000. Concurrent Investment Advisors LLC boosted its stake in First Trust SMID Cap Rising Dividend Archievers ETF by 2.8% during the first quarter. Concurrent Investment Advisors LLC now owns 68,521 shares of the company’s stock worth $2,386,000 after buying an additional 1,895 shares during the last quarter. Finally, Legacy Capital Group California Inc. acquired a new stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF in the 1st quarter worth $1,596,000.

First Trust SMID Cap Rising Dividend Archievers ETF Stock Down 1.3 %

Shares of SDVY opened at $38.52 on Friday. First Trust SMID Cap Rising Dividend Archievers ETF has a 52-week low of $27.26 and a 52-week high of $39.03. The company has a market capitalization of $6.74 billion, a PE ratio of 8.30 and a beta of 1.18. The stock has a fifty day simple moving average of $36.05 and a two-hundred day simple moving average of $34.82.

First Trust SMID Cap Rising Dividend Archievers ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were paid a $0.1383 dividend. This represents a $0.55 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date of this dividend was Thursday, September 26th.

First Trust SMID Cap Rising Dividend Archievers 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.