LVZ Inc. Reduces Stock Holdings in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

LVZ Inc. cut its stake in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 4.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,674,296 shares of the company’s stock after selling 130,839 shares during the quarter. First Trust SMID Cap Rising Dividend Achievers ETF comprises about 12.0% of LVZ Inc.’s portfolio, making the stock its 4th biggest position. LVZ Inc. owned approximately 1.04% of First Trust SMID Cap Rising Dividend Achievers ETF worth $105,447,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. LPL Financial LLC raised its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 4.8% in the fourth quarter. LPL Financial LLC now owns 24,892,169 shares of the company’s stock worth $953,868,000 after buying an additional 1,135,800 shares during the last quarter. Morgan Stanley increased its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 0.7% in the fourth quarter. Morgan Stanley now owns 17,946,856 shares of the company’s stock worth $687,724,000 after acquiring an additional 130,885 shares during the period. Raymond James Financial Inc. raised its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 9.8% during the fourth quarter. Raymond James Financial Inc. now owns 14,105,263 shares of the company’s stock worth $540,514,000 after purchasing an additional 1,261,249 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 8.3% during the third quarter. Bank of America Corp DE now owns 7,982,389 shares of the company’s stock worth $303,486,000 after purchasing an additional 614,123 shares during the last quarter. Finally, Cetera Investment Advisers raised its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 6.2% during the 4th quarter. Cetera Investment Advisers now owns 7,715,939 shares of the company’s stock valued at $295,675,000 after buying an additional 451,662 shares during the last quarter.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Performance

First Trust SMID Cap Rising Dividend Achievers ETF stock opened at $43.16 on Monday. First Trust SMID Cap Rising Dividend Achievers ETF has a 12 month low of $35.03 and a 12 month high of $43.63. The stock’s 50 day simple moving average is $41.94 and its two-hundred day simple moving average is $41.00. The firm has a market cap of $11.35 billion, a PE ratio of 14.54 and a beta of 1.01.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were paid a $0.0901 dividend. This represents a $0.36 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Thursday, June 25th.

First Trust SMID Cap Rising Dividend Achievers 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.