Hilton Head Capital Partners LLC Takes $1.99 Million Position in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Hilton Head Capital Partners LLC acquired a new position in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 51,925 shares of the company’s stock, valued at approximately $1,990,000. First Trust SMID Cap Rising Dividend Achievers ETF comprises about 1.2% of Hilton Head Capital Partners LLC’s investment portfolio, making the stock its 17th biggest position.

A number of other institutional investors and hedge funds have also bought and sold shares of SDVY. Capital Advantage Inc. boosted its position in First Trust SMID Cap Rising Dividend Achievers ETF by 40.5% during the fourth quarter. Capital Advantage Inc. now owns 77,232 shares of the company’s stock valued at $2,960,000 after acquiring an additional 22,276 shares during the last quarter. Econ Financial Services Corp grew its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 26.1% during the 4th 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. Pinnacle Associates Ltd. raised its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 39.8% in the 3rd 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 in the last quarter. Arvest Investments Inc. lifted its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 10.7% in the 4th quarter. Arvest Investments Inc. now owns 263,558 shares of the company’s stock valued at $10,100,000 after purchasing an additional 25,490 shares during the period. Finally, CWM LLC lifted its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 7.4% in the 4th quarter. CWM LLC now owns 448,472 shares of the company’s stock valued at $17,185,000 after purchasing an additional 30,845 shares during the period.

First Trust SMID Cap Rising Dividend Achievers ETF Price Performance

NASDAQ SDVY opened at $41.37 on Monday. The business has a 50 day simple moving average of $41.25 and a 200 day simple moving average of $40.40. First Trust SMID Cap Rising Dividend Achievers ETF has a one year low of $34.19 and a one year high of $42.89. The stock has a market capitalization of $10.71 billion, a P/E ratio of 14.54 and a beta of 1.01.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

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

About First Trust SMID Cap Rising Dividend Achievers 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.