First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) Stock Position Cut by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. trimmed its stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) by 4.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 155,442 shares of the company’s stock after selling 6,521 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in First Trust SMID Cap Rising Dividend Archievers ETF were worth $5,655,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Hazlett Burt & Watson Inc. acquired a new stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF in the second quarter valued at $28,000. Strategic Financial Concepts LLC bought a new position in shares of First Trust SMID Cap Rising Dividend Archievers ETF during the 2nd quarter valued at about $28,000. EverSource Wealth Advisors LLC bought a new position in shares of First Trust SMID Cap Rising Dividend Archievers ETF during the 1st quarter valued at about $34,000. Mather Group LLC. acquired a new position in shares of First Trust SMID Cap Rising Dividend Archievers ETF in the 2nd quarter worth approximately $35,000. Finally, ORG Partners LLC bought a new stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF in the 3rd quarter worth approximately $73,000.

First Trust SMID Cap Rising Dividend Archievers ETF Stock Performance

Shares of NASDAQ:SDVY opened at $37.30 on Monday. The stock has a market capitalization of $6.40 billion, a price-to-earnings ratio of 8.30 and a beta of 1.18. First Trust SMID Cap Rising Dividend Archievers ETF has a 1-year low of $26.40 and a 1-year high of $37.55. The company has a 50 day moving average price of $35.59 and a 200 day moving average price of $34.51.

First Trust SMID Cap Rising Dividend Archievers ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were paid a dividend of $0.1383 per share. This represents a $0.55 annualized dividend and a dividend yield of 1.48%. The ex-dividend date was Thursday, September 26th.

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.