Harbour Investments Inc. Boosts Position in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY)

Harbour Investments Inc. grew its position in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) by 44.3% in the third quarter, HoldingsChannel reports. The institutional investor owned 499,106 shares of the company’s stock after purchasing an additional 153,196 shares during the period. Harbour Investments Inc.’s holdings in First Trust SMID Cap Rising Dividend Archievers ETF were worth $18,157,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in SDVY. Osaic Holdings Inc. increased its holdings in First Trust SMID Cap Rising Dividend Archievers ETF by 7.6% during the 1st quarter. Osaic Holdings Inc. now owns 1,769,500 shares of the company’s stock valued at $61,619,000 after acquiring an additional 125,091 shares in the last quarter. Fifth Third Bancorp purchased a new position in shares of First Trust SMID Cap Rising Dividend Archievers ETF during the 2nd quarter worth approximately $298,000. Park National Corp OH raised its position in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 292.0% during the 3rd quarter. Park National Corp OH now owns 2,531,035 shares of the company’s stock worth $92,079,000 after purchasing an additional 1,885,435 shares during the last quarter. Cherry Creek Investment Advisors Inc. lifted its stake in First Trust SMID Cap Rising Dividend Archievers ETF by 8.8% in the 3rd quarter. Cherry Creek Investment Advisors Inc. now owns 86,313 shares of the company’s stock valued at $3,140,000 after buying an additional 6,973 shares in the last quarter. Finally, Triton Wealth Management PLLC acquired a new stake in First Trust SMID Cap Rising Dividend Archievers ETF during the 3rd quarter valued at $237,000.

First Trust SMID Cap Rising Dividend Archievers ETF Stock Up 1.3 %

NASDAQ SDVY opened at $39.11 on Tuesday. The stock has a market cap of $6.85 billion, a price-to-earnings ratio of 8.30 and a beta of 1.18. First Trust SMID Cap Rising Dividend Archievers ETF has a fifty-two week low of $27.45 and a fifty-two week high of $39.24. The business has a fifty day moving average of $36.10 and a 200-day moving average of $34.88.

First Trust SMID Cap Rising Dividend Archievers ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were issued a dividend of $0.1383 per share. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $0.55 dividend on an annualized basis and a dividend yield of 1.41%.

About First Trust SMID Cap Rising Dividend Archievers 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.