Hazlett Burt & Watson Inc. Decreases Stock Position in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Hazlett Burt & Watson Inc. reduced its position in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 15.4% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,790 shares of the company’s stock after selling 326 shares during the period. Hazlett Burt & Watson Inc.’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $63,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC raised its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 1.2% in the 2nd quarter. Farther Finance Advisors LLC now owns 28,969 shares of the company’s stock worth $1,022,000 after acquiring an additional 333 shares during the last quarter. Ameritas Advisory Services LLC raised its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 0.8% during the 2nd quarter. Ameritas Advisory Services LLC now owns 41,112 shares of the company’s stock valued at $1,450,000 after buying an additional 335 shares during the last quarter. Purus Wealth Management LLC raised its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 0.7% during the 1st quarter. Purus Wealth Management LLC now owns 51,922 shares of the company’s stock valued at $1,739,000 after buying an additional 355 shares during the last quarter. Arbor Capital Management Inc. ADV raised its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 3.9% during the 1st quarter. Arbor Capital Management Inc. ADV now owns 10,198 shares of the company’s stock valued at $345,000 after buying an additional 383 shares during the last quarter. Finally, Clear Creek Financial Management LLC raised its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 1.4% during the 2nd quarter. Clear Creek Financial Management LLC now owns 28,224 shares of the company’s stock valued at $996,000 after buying an additional 391 shares during the last quarter.

First Trust SMID Cap Rising Dividend Achievers ETF Trading Up 1.6%

Shares of SDVY opened at $37.04 on Tuesday. The firm has a market cap of $8.80 billion, a PE ratio of 14.54 and a beta of 1.18. The firm has a fifty day simple moving average of $37.66 and a two-hundred day simple moving average of $35.40. 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 business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Thursday, September 25th were paid 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%.

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.