Pine Valley Investments Ltd Liability Co Has $15.23 Million Position in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Pine Valley Investments Ltd Liability Co reduced its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 11.2% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 386,211 shares of the company’s stock after selling 48,499 shares during the period. First Trust SMID Cap Rising Dividend Achievers ETF accounts for 0.7% of Pine Valley Investments Ltd Liability Co’s investment portfolio, making the stock its 29th biggest holding. Pine Valley Investments Ltd Liability Co owned 0.15% of First Trust SMID Cap Rising Dividend Achievers ETF worth $15,228,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Raymond James Financial Inc. raised its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 9.8% during the fourth quarter. Raymond James Financial Inc. now owns 14,105,263 shares of the company’s stock worth $540,514,000 after acquiring an additional 1,261,249 shares in the last quarter. LPL Financial LLC increased its position in First Trust SMID Cap Rising Dividend Achievers ETF by 4.8% in the 4th quarter. LPL Financial LLC now owns 24,892,169 shares of the company’s stock worth $953,868,000 after purchasing an additional 1,135,800 shares during the last quarter. Elevation Point Wealth Partners LLC increased its position in First Trust SMID Cap Rising Dividend Achievers ETF by 14,172.1% in the 1st quarter. Elevation Point Wealth Partners LLC now owns 1,039,862 shares of the company’s stock worth $41,002,000 after purchasing an additional 1,032,576 shares during the last quarter. Axxcess Wealth Management LLC raised its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 4,508.1% during the 4th quarter. Axxcess Wealth Management LLC now owns 806,331 shares of the company’s stock worth $30,899,000 after purchasing an additional 788,833 shares in the last quarter. Finally, Decker Wealth Management LLC acquired a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the 1st quarter valued at about $24,789,000.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Performance

Shares of NASDAQ SDVY opened at $43.78 on Monday. The stock has a market cap of $11.57 billion, a price-to-earnings ratio of 14.54 and a beta of 1.01. The business has a 50 day simple moving average of $42.56 and a 200 day simple moving average of $41.57. First Trust SMID Cap Rising Dividend Achievers ETF has a 52 week low of $35.03 and a 52 week high of $44.19.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were paid a dividend of $0.0901 per share. The ex-dividend date was Thursday, June 25th. This represents a $0.36 annualized dividend and a dividend yield of 0.8%.

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.