Y Intercept Hong Kong Ltd Has $1.65 Million Stake in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Y Intercept Hong Kong Ltd reduced its holdings in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 45.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 43,473 shares of the company’s stock after selling 36,869 shares during the period. Y Intercept Hong Kong Ltd’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $1,653,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Silver Oak Securities Incorporated grew its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 54.8% in the third quarter. Silver Oak Securities Incorporated now owns 87,799 shares of the company’s stock valued at $3,338,000 after purchasing an additional 31,072 shares in the last quarter. Commonwealth Equity Services LLC boosted its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 17.1% in the 3rd quarter. Commonwealth Equity Services LLC now owns 3,384,431 shares of the company’s stock valued at $128,674,000 after buying an additional 494,306 shares during the last quarter. Formidable Asset Management LLC grew its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 17.2% in the third quarter. Formidable Asset Management LLC now owns 87,779 shares of the company’s stock valued at $3,097,000 after buying an additional 12,862 shares in the last quarter. Precedent Wealth Partners LLC increased its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 14.3% during the third quarter. Precedent Wealth Partners LLC now owns 244,732 shares of the company’s stock worth $9,305,000 after buying an additional 30,683 shares during the last quarter. Finally, D.A. Davidson & CO. raised its position in First Trust SMID Cap Rising Dividend Achievers ETF by 4.0% during the third quarter. D.A. Davidson & CO. now owns 669,617 shares of the company’s stock worth $25,458,000 after acquiring an additional 25,832 shares in the last quarter.

First Trust SMID Cap Rising Dividend Achievers ETF Price Performance

Shares of SDVY opened at $40.55 on Friday. The company has a market cap of $10.14 billion, a PE ratio of 14.54 and a beta of 1.12. The firm has a 50-day moving average of $39.25 and a 200-day moving average of $38.00. First Trust SMID Cap Rising Dividend Achievers ETF has a one year low of $28.84 and a one year high of $41.33.

First Trust SMID Cap Rising Dividend Achievers ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were given a dividend of $0.1305 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.3%. This is a boost from First Trust SMID Cap Rising Dividend Achievers ETF’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Friday, December 12th.

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.