First Trust SMID Cap Rising Dividend Achievers ETF $SDVY is Harbour Investments Inc.’s 3rd Largest Position

Harbour Investments Inc. decreased its holdings in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 7.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,715,794 shares of the company’s stock after selling 204,875 shares during the period. First Trust SMID Cap Rising Dividend Achievers ETF accounts for about 2.1% of Harbour Investments Inc.’s portfolio, making the stock its 3rd biggest holding. Harbour Investments Inc. owned approximately 1.08% of First Trust SMID Cap Rising Dividend Achievers ETF worth $104,069,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Capital Advantage Inc. boosted its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 40.5% in the fourth quarter. Capital Advantage Inc. now owns 77,232 shares of the company’s stock worth $2,960,000 after acquiring an additional 22,276 shares during the period. Econ Financial Services Corp boosted its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 26.1% in the fourth quarter. Econ Financial Services Corp now owns 179,719 shares of the company’s stock worth $6,887,000 after acquiring an additional 37,184 shares during the period. Arvest Investments Inc. boosted its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 10.7% in the fourth quarter. Arvest Investments Inc. now owns 263,558 shares of the company’s stock worth $10,100,000 after acquiring an additional 25,490 shares during the period. Pinnacle Associates Ltd. boosted its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 39.8% in the third quarter. Pinnacle Associates Ltd. now owns 233,252 shares of the company’s stock worth $8,868,000 after acquiring an additional 66,370 shares during the period. Finally, BAM Wealth Management LLC boosted its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 193.3% in the fourth quarter. BAM Wealth Management LLC now owns 39,606 shares of the company’s stock worth $1,518,000 after acquiring an additional 26,101 shares during the period.

First Trust SMID Cap Rising Dividend Achievers ETF Price Performance

NASDAQ SDVY opened at $41.54 on Tuesday. The firm has a market cap of $10.75 billion, a price-to-earnings ratio of 14.54 and a beta of 1.04. The business has a 50-day moving average price of $40.89 and a 200-day moving average price of $40.16. First Trust SMID Cap Rising Dividend Achievers ETF has a twelve month low of $33.54 and a twelve month high of $42.89.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were paid a dividend of $0.0976 per share. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $0.39 dividend on an annualized basis and a yield of 0.9%.

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.