Altus Wealth Group LLC Sells 1,337 Shares of First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY)

Altus Wealth Group LLC lowered its holdings in shares of First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) by 2.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 58,253 shares of the company’s stock after selling 1,337 shares during the quarter. First Trust SMID Cap Rising Dividend Archievers ETF comprises about 0.9% of Altus Wealth Group LLC’s investment portfolio, making the stock its 29th biggest position. Altus Wealth Group LLC’s holdings in First Trust SMID Cap Rising Dividend Archievers ETF were worth $2,119,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of SDVY. Kingswood Wealth Advisors LLC acquired a new position in First Trust SMID Cap Rising Dividend Archievers ETF in the 1st quarter valued at $536,000. Key Client Fiduciary Advisors LLC grew its stake in First Trust SMID Cap Rising Dividend Archievers ETF by 27.5% in the 1st quarter. Key Client Fiduciary Advisors LLC now owns 14,228 shares of the company’s stock valued at $495,000 after buying an additional 3,065 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in First Trust SMID Cap Rising Dividend Archievers ETF by 10.3% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 518,530 shares of the company’s stock valued at $18,055,000 after buying an additional 48,352 shares during the last quarter. RiverTree Advisors LLC grew its stake in First Trust SMID Cap Rising Dividend Archievers ETF by 2.7% in the 1st quarter. RiverTree Advisors LLC now owns 177,716 shares of the company’s stock valued at $6,188,000 after buying an additional 4,739 shares during the last quarter. Finally, Investment Partners LTD. grew its stake in First Trust SMID Cap Rising Dividend Archievers ETF by 1.5% in the 1st quarter. Investment Partners LTD. now owns 21,271 shares of the company’s stock valued at $741,000 after buying an additional 315 shares during the last quarter.

First Trust SMID Cap Rising Dividend Archievers ETF Price Performance

NASDAQ:SDVY traded down $0.12 during midday trading on Wednesday, reaching $36.33. The stock had a trading volume of 116,056 shares, compared to its average volume of 1,106,261. 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 firm’s fifty day simple moving average is $35.69 and its 200-day simple moving average is $34.55. The stock has a market capitalization of $6.27 billion, a P/E ratio of 8.30 and a beta of 1.18.

First Trust SMID Cap Rising Dividend Archievers ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were given a $0.1383 dividend. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $0.55 annualized dividend and a yield of 1.52%.

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.