Quantum Private Wealth LLC has recently trimmed its stake in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) by 22.5% in the second quarter, according to the company’s latest filing with the Securities and Exchange Commission. While this may seem like a reduction in confidence, it also opens up new opportunities for investors looking to get in on the action.
Quantum Private Wealth LLC now owns 11,083 shares of the company, down from 14,297 shares previously held. Despite the reduction, the firm’s current holdings in First Trust SMID Cap Rising Dividend Archievers ETF are worth $314,000. As other hedge funds have also modified their holdings of the company, it’s clear that there is still a strong interest in this ETF.
First Trust SMID Cap Rising Dividend Archievers ETF has a market cap of $1.50 billion and a P/E ratio of 7.66. It has a 52-week low of $23.25 and a 52-week high of $30.43. The stock has been trading at $28.32, with a trading volume of 84,668 shares, compared to average volume of 290,593 shares.
Furthermore, the company recently announced a quarterly dividend, with shareholders receiving a $0.0982 dividend. This represents a 1.39% yield and a $0.39 annualized dividend. The ex-dividend date was September 22nd, and the dividend was paid on September 29th.
First Trust SMID Cap Rising Dividend Archievers ETF, which was launched on November 1, 2017, is an exchange-traded fund that primarily invests in extended market equity. Managed by First Trust, the fund tracks an equal-weighted index of small- and mid-cap US companies with a history of increasing dividends and that meet specific fundamental criteria.
While Quantum Private Wealth LLC may have trimmed its stake, there are still plenty of opportunities for investors to consider First Trust SMID Cap Rising Dividend Archievers ETF. With its focus on companies with rising dividends and positive fundamentals, this ETF offers potential for long-term growth.
FAQ
What is First Trust SMID Cap Rising Dividend Archievers ETF?
First Trust SMID Cap Rising Dividend Archievers ETF (SDVY) is an exchange-traded fund that predominantly invests in extended market equity. The fund tracks an equal-weighted index of small- and mid-cap US companies with a track record of increasing dividends and meeting specific fundamental criteria.
When was the fund launched?
First Trust SMID Cap Rising Dividend Archievers ETF was launched on November 1, 2017.
Who manages First Trust SMID Cap Rising Dividend Archievers ETF?
First Trust SMID Cap Rising Dividend Archievers ETF is managed by First Trust, an investment management firm.
What is the current trading price of First Trust SMID Cap Rising Dividend Archievers ETF?
As of the latest information, First Trust SMID Cap Rising Dividend Archievers ETF is trading at $28.32 per share.
What is the dividend yield of First Trust SMID Cap Rising Dividend Archievers ETF?
First Trust SMID Cap Rising Dividend Archievers ETF currently has a dividend yield of 1.39%, with a quarterly dividend of $0.0982 per share.