First Trust SMID Cap Rising Dividend Achievers ETF $SDVY Shares Acquired by Harbour Investments Inc.

Harbour Investments Inc. lifted its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 472.9% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 2,835,642 shares of the company’s stock after purchasing an additional 2,340,638 shares during the quarter. First Trust SMID Cap Rising Dividend Achievers ETF accounts for approximately 2.5% of Harbour Investments Inc.’s investment portfolio, making the stock its 3rd biggest holding. Harbour Investments Inc.’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $100,041,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Fifth Third Bancorp lifted its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 120.9% during the second quarter. Fifth Third Bancorp now owns 952 shares of the company’s stock worth $34,000 after buying 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 during the first quarter worth $72,000. GAMMA Investing LLC lifted its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 3,250.0% during the first quarter. GAMMA Investing LLC now owns 4,288 shares of the company’s stock worth $144,000 after buying an additional 4,160 shares during the period. Pinnacle Bancorp Inc. lifted its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 14.0% during the second quarter. Pinnacle Bancorp Inc. now owns 4,850 shares of the company’s stock worth $171,000 after buying an additional 595 shares during the period. Finally, Larson Financial Group LLC lifted its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 15.5% during the first quarter. Larson Financial Group LLC now owns 5,728 shares of the company’s stock worth $192,000 after buying an additional 770 shares during the period.

First Trust SMID Cap Rising Dividend Achievers ETF Price Performance

NASDAQ SDVY opened at $37.63 on Wednesday. The company has a market capitalization of $8.94 billion, a PE ratio of 14.54 and a beta of 1.18. The company has a fifty day moving average of $37.69 and a 200 day moving average of $35.41. First Trust SMID Cap Rising Dividend Achievers ETF has a 1 year low of $28.84 and a 1 year high of $40.60.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

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

About First Trust SMID Cap Rising Dividend Achievers ETF

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.