Convergence Financial LLC Cuts Stock Position in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY)

Convergence Financial LLC reduced its holdings in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) by 2.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,904 shares of the company’s stock after selling 451 shares during the quarter. Convergence Financial LLC’s holdings in First Trust SMID Cap Rising Dividend Archievers ETF were worth $642,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in SDVY. Farmers & Merchants Investments Inc. purchased a new stake in First Trust SMID Cap Rising Dividend Archievers ETF in the 4th quarter valued at about $26,000. National Bank of Canada FI purchased a new position in First Trust SMID Cap Rising Dividend Archievers ETF in the third quarter valued at about $27,000. Grove Bank & Trust acquired a new position in First Trust SMID Cap Rising Dividend Archievers ETF during the 4th quarter worth approximately $27,000. Pineridge Advisors LLC boosted its stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 138.9% in the fourth quarter. Pineridge Advisors LLC now owns 762 shares of the company’s stock valued at $27,000 after purchasing an additional 443 shares during the period. Finally, FSC Wealth Advisors LLC acquired a new stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF during the fourth quarter valued at about $29,000.

First Trust SMID Cap Rising Dividend Archievers ETF Price Performance

NASDAQ SDVY opened at $35.50 on Thursday. First Trust SMID Cap Rising Dividend Archievers ETF has a 12 month low of $32.22 and a 12 month high of $40.60. The company’s fifty day moving average price is $36.63 and its two-hundred day moving average price is $36.69. The company has a market capitalization of $7.91 billion, a price-to-earnings ratio of 12.91 and a beta of 1.18.

First Trust SMID Cap Rising Dividend Archievers ETF Dividend Announcement

The business also recently announced 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 of this dividend was Friday, December 13th.

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.