Harbour Investments Inc. Grows Stake in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY)

Harbour Investments Inc. raised its position in shares of First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) by 7.9% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 345,910 shares of the company’s stock after purchasing an additional 25,260 shares during the period. Harbour Investments Inc. owned about 0.24% of First Trust SMID Cap Rising Dividend Archievers ETF worth $11,546,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in SDVY. ORBA Wealth Advisors L.L.C. bought a new position in shares of First Trust SMID Cap Rising Dividend Archievers ETF during the fourth quarter valued at approximately $933,000. Private Advisor Group LLC boosted its holdings in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 43.6% in the 4th quarter. Private Advisor Group LLC now owns 697,464 shares of the company’s stock valued at $22,856,000 after buying an additional 211,827 shares in the last quarter. Osaic Holdings Inc. grew its position in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 7.6% in the 1st quarter. Osaic Holdings Inc. now owns 1,769,500 shares of the company’s stock worth $61,619,000 after buying an additional 125,091 shares during the last quarter. Financial Advocates Investment Management raised its stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 8.7% during the 4th quarter. Financial Advocates Investment Management now owns 97,863 shares of the company’s stock worth $3,207,000 after acquiring an additional 7,804 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. lifted its position in First Trust SMID Cap Rising Dividend Archievers ETF by 76.0% during the fourth quarter. B. Riley Wealth Advisors Inc. now owns 34,027 shares of the company’s stock valued at $1,115,000 after acquiring an additional 14,689 shares during the last quarter.

First Trust SMID Cap Rising Dividend Archievers ETF Stock Performance

SDVY traded down $0.21 during trading on Tuesday, hitting $35.63. The stock had a trading volume of 985,308 shares, compared to its average volume of 1,122,894. The stock has a 50 day simple moving average of $34.40 and a two-hundred day simple moving average of $33.83. First Trust SMID Cap Rising Dividend Archievers ETF has a twelve month low of $26.40 and a twelve month high of $37.25. The company has a market capitalization of $5.34 billion, a PE ratio of 8.30 and a beta of 1.18.

First Trust SMID Cap Rising Dividend Archievers ETF Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Thursday, June 27th were paid a dividend of $0.1503 per share. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $0.60 annualized dividend and a yield of 1.69%.

First Trust SMID Cap Rising Dividend Archievers ETF Company 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.