Astor Investment Management LLC Cuts Stock Holdings in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY)

Astor Investment Management LLC decreased its position in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) by 5.9% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 182,179 shares of the company’s stock after selling 11,448 shares during the quarter. First Trust SMID Cap Rising Dividend Archievers ETF comprises 3.3% of Astor Investment Management LLC’s holdings, making the stock its 15th largest position. Astor Investment Management LLC’s holdings in First Trust SMID Cap Rising Dividend Archievers ETF were worth $6,531,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of SDVY. LPL Financial LLC lifted its position in First Trust SMID Cap Rising Dividend Archievers ETF by 17.1% in the 3rd quarter. LPL Financial LLC now owns 17,987,114 shares of the company’s stock worth $654,371,000 after buying an additional 2,628,717 shares during the last quarter. Park National Corp OH lifted its position in First Trust SMID Cap Rising Dividend Archievers ETF by 292.0% in the 3rd quarter. Park National Corp OH now owns 2,531,035 shares of the company’s stock worth $92,079,000 after buying an additional 1,885,435 shares during the last quarter. Raymond James & Associates lifted its position in First Trust SMID Cap Rising Dividend Archievers ETF by 18.8% in the 3rd quarter. Raymond James & Associates now owns 4,234,856 shares of the company’s stock worth $154,064,000 after buying an additional 669,172 shares during the last quarter. Cetera Investment Advisers lifted its position in First Trust SMID Cap Rising Dividend Archievers ETF by 31.6% in the 2nd quarter. Cetera Investment Advisers now owns 2,421,412 shares of the company’s stock worth $80,827,000 after buying an additional 580,783 shares during the last quarter. Finally, Advance Capital Management Inc. bought a new stake in First Trust SMID Cap Rising Dividend Archievers ETF in the 4th quarter worth approximately $17,603,000.

First Trust SMID Cap Rising Dividend Archievers ETF Price Performance

NASDAQ:SDVY opened at $37.80 on Monday. First Trust SMID Cap Rising Dividend Archievers ETF has a 1-year low of $31.40 and a 1-year high of $40.60. The business has a 50 day moving average of $37.53 and a 200 day moving average of $36.42. The company has a market capitalization of $8.28 billion, a price-to-earnings ratio of 8.30 and a beta of 1.18.

First Trust SMID Cap Rising Dividend Archievers ETF Dividend Announcement

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were given a $0.1821 dividend. The ex-dividend date was Friday, December 13th.

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.