ORBA Wealth Advisors L.L.C. Decreases Holdings in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY)

ORBA Wealth Advisors L.L.C. cut its holdings in shares of First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) by 50.9% in the 3rd quarter, HoldingsChannel reports. The firm owned 13,970 shares of the company’s stock after selling 14,506 shares during the quarter. ORBA Wealth Advisors L.L.C.’s holdings in First Trust SMID Cap Rising Dividend Archievers ETF were worth $508,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in SDVY. Strong Tower Advisory Services bought a new stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF during the 3rd quarter valued at about $1,102,000. San Luis Wealth Advisors LLC boosted its position in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 229.4% during the 3rd quarter. San Luis Wealth Advisors LLC now owns 180,349 shares of the company’s stock valued at $6,561,000 after acquiring an additional 125,606 shares during the last quarter. Pinnacle Bancorp Inc. boosted its position in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 33.4% during the 3rd quarter. Pinnacle Bancorp Inc. now owns 3,545 shares of the company’s stock valued at $129,000 after acquiring an additional 887 shares during the last quarter. Clarus Wealth Advisors bought a new stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF during the 3rd quarter valued at about $212,000. Finally, CWM LLC boosted its position in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 173.9% during the 3rd quarter. CWM LLC now owns 8,404 shares of the company’s stock valued at $306,000 after acquiring an additional 5,336 shares during the last quarter.

First Trust SMID Cap Rising Dividend Archievers ETF Trading Up 1.6 %

Shares of SDVY traded up $0.57 during trading hours on Friday, reaching $36.68. 1,002,196 shares of the company’s stock traded hands, compared to its average volume of 1,114,847. The stock has a market cap of $6.21 billion, a PE ratio of 8.30 and a beta of 1.18. The firm’s 50 day simple moving average is $35.17 and its 200-day simple moving average is $34.40. First Trust SMID Cap Rising Dividend Archievers ETF has a 12 month low of $26.40 and a 12 month high of $37.25.

First Trust SMID Cap Rising Dividend Archievers ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were given a $0.1383 dividend. The ex-dividend date was Thursday, September 26th. This represents a $0.55 dividend on an annualized basis and a yield of 1.51%.

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.