LeClair Wealth Partners LLC Lowers Stock Position in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

LeClair Wealth Partners LLC cut its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 54.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 52,442 shares of the company’s stock after selling 61,782 shares during the period. First Trust SMID Cap Rising Dividend Achievers ETF accounts for about 1.2% of LeClair Wealth Partners LLC’s holdings, making the stock its 28th biggest position. LeClair Wealth Partners LLC’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $2,010,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Capital Advantage Inc. grew its position in First Trust SMID Cap Rising Dividend Achievers ETF by 40.5% in the 4th quarter. Capital Advantage Inc. now owns 77,232 shares of the company’s stock valued at $2,960,000 after buying an additional 22,276 shares during the last quarter. Econ Financial Services Corp grew its position in First Trust SMID Cap Rising Dividend Achievers ETF by 26.1% in the 4th quarter. Econ Financial Services Corp now owns 179,719 shares of the company’s stock valued at $6,887,000 after buying an additional 37,184 shares during the last quarter. Pinnacle Associates Ltd. grew its position in 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 valued at $8,868,000 after buying an additional 66,370 shares during the last quarter. Arvest Investments Inc. grew its position in 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 buying an additional 25,490 shares during the last quarter. Finally, CWM LLC grew its position in 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 buying an additional 30,845 shares during the last quarter.

First Trust SMID Cap Rising Dividend Achievers ETF Price Performance

NASDAQ:SDVY opened at $41.37 on Monday. The firm’s fifty day moving average price is $41.25 and its 200 day moving average price is $40.40. First Trust SMID Cap Rising Dividend Achievers ETF has a 1-year low of $34.19 and a 1-year high of $42.89. The firm has a market cap of $10.71 billion, a price-to-earnings ratio of 14.54 and a beta of 1.01.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were issued a $0.0976 dividend. 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 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.