Balboa Wealth Partners Sells 1,765 Shares of First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Balboa Wealth Partners decreased its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 18.9% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 7,575 shares of the company’s stock after selling 1,765 shares during the quarter. Balboa Wealth Partners’ holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $267,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Fifth Third Bancorp raised its position 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 acquiring an additional 521 shares during the last quarter. Financial Network Wealth Advisors LLC bought a new stake in First Trust SMID Cap Rising Dividend Achievers ETF during the 1st quarter worth about $72,000. GAMMA Investing LLC lifted its position in First Trust SMID Cap Rising Dividend Achievers ETF by 3,250.0% during the 1st quarter. GAMMA Investing LLC now owns 4,288 shares of the company’s stock valued at $144,000 after purchasing an additional 4,160 shares during the period. Pinnacle Bancorp Inc. lifted its position in First Trust SMID Cap Rising Dividend Achievers ETF by 14.0% during the 2nd quarter. Pinnacle Bancorp Inc. now owns 4,850 shares of the company’s stock valued at $171,000 after purchasing an additional 595 shares during the period. Finally, Larson Financial Group LLC boosted its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 15.5% in the 1st quarter. Larson Financial Group LLC now owns 5,728 shares of the company’s stock valued at $192,000 after purchasing an additional 770 shares during the last quarter.

First Trust SMID Cap Rising Dividend Achievers ETF Price Performance

Shares of NASDAQ:SDVY opened at $37.72 on Wednesday. The stock has a market cap of $8.98 billion, a price-to-earnings ratio of 14.54 and a beta of 1.18. The company has a 50 day moving average of $37.78 and a 200-day moving average of $35.57. First Trust SMID Cap Rising Dividend Achievers ETF has a one year low of $28.84 and a one year high of $40.60.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Thursday, September 25th were paid 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 dividend 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.