TAP Consulting LLC Sells 22,632 Shares of First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY)

TAP Consulting LLC decreased its stake in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) by 13.6% during the 4th quarter, HoldingsChannel.com reports. The fund owned 143,465 shares of the company’s stock after selling 22,632 shares during the period. First Trust SMID Cap Rising Dividend Archievers ETF makes up 1.1% of TAP Consulting LLC’s portfolio, making the stock its 24th largest position. TAP Consulting LLC’s holdings in First Trust SMID Cap Rising Dividend Archievers ETF were worth $4,701,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Harbor Investment Advisory LLC raised its holdings in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 123.0% in the 4th quarter. Harbor Investment Advisory LLC now owns 970 shares of the company’s stock worth $32,000 after purchasing an additional 535 shares during the period. CWM LLC purchased a new stake in First Trust SMID Cap Rising Dividend Archievers ETF in the fourth quarter worth $107,000. DHJJ Financial Advisors Ltd. raised its stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 111.2% in the fourth quarter. DHJJ Financial Advisors Ltd. now owns 5,743 shares of the company’s stock valued at $188,000 after buying an additional 3,024 shares during the period. Salem Investment Counselors Inc. purchased a new position in shares of First Trust SMID Cap Rising Dividend Archievers ETF during the 4th quarter valued at $190,000. Finally, Waterfront Wealth Inc. bought a new position in shares of First Trust SMID Cap Rising Dividend Archievers ETF during the 4th quarter worth $214,000.

First Trust SMID Cap Rising Dividend Archievers ETF Stock Down 0.6 %

SDVY traded down $0.20 during trading hours on Thursday, hitting $33.28. The stock had a trading volume of 1,231,387 shares, compared to its average volume of 1,112,704. The stock has a market cap of $3.99 billion, a PE ratio of 7.92 and a beta of 1.18. First Trust SMID Cap Rising Dividend Archievers ETF has a 1 year low of $24.70 and a 1 year high of $34.96. The company’s fifty day simple moving average is $33.36 and its 200 day simple moving average is $31.40.

First Trust SMID Cap Rising Dividend Archievers ETF Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 22nd were paid a $0.1032 dividend. The ex-dividend date of this dividend was Thursday, March 21st. This represents a $0.41 annualized dividend and a yield of 1.24%.

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.