First Trust SMID Cap Rising Dividend Achievers ETF $SDVY Shares Sold by Flagship Harbor Advisors LLC

Flagship Harbor Advisors LLC lowered its holdings in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 13.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 30,655 shares of the company’s stock after selling 4,739 shares during the quarter. Flagship Harbor Advisors LLC’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $1,081,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Fifth Third Bancorp increased its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 120.9% in the second quarter. Fifth Third Bancorp now owns 952 shares of the company’s stock worth $34,000 after acquiring an additional 521 shares during the period. Financial Network Wealth Advisors LLC acquired a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the first quarter worth $72,000. Pinnacle Bancorp Inc. increased its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 14.0% in the second quarter. Pinnacle Bancorp Inc. now owns 4,850 shares of the company’s stock worth $171,000 after acquiring an additional 595 shares during the period. Larson Financial Group LLC increased its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 15.5% in the first quarter. Larson Financial Group LLC now owns 5,728 shares of the company’s stock worth $192,000 after acquiring an additional 770 shares during the period. Finally, Trexquant Investment LP acquired a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the first quarter worth $217,000.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Performance

Shares of NASDAQ SDVY opened at $37.40 on Friday. The company’s fifty day moving average price is $37.85 and its 200 day moving average price is $35.91. First Trust SMID Cap Rising Dividend Achievers ETF has a 1 year low of $28.84 and a 1 year high of $40.60. The company has a market capitalization of $8.94 billion, a PE ratio of 14.54 and a beta of 1.12.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Thursday, September 25th were issued a dividend of $0.095 per share. The ex-dividend date of this dividend was Thursday, September 25th. This represents a $0.38 dividend on an annualized basis and a yield of 1.0%.

First Trust SMID Cap Rising Dividend Achievers 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.