Harbour Investments Inc. Has $104.07 Million Stock Holdings in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Harbour Investments Inc. cut its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 7.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,715,794 shares of the company’s stock after selling 204,875 shares during the period. First Trust SMID Cap Rising Dividend Achievers ETF accounts for about 2.1% of Harbour Investments Inc.’s portfolio, making the stock its 3rd biggest position. Harbour Investments Inc.’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $104,069,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Raymond James Financial Inc. raised its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 6.9% in the third quarter. Raymond James Financial Inc. now owns 12,844,014 shares of the company’s stock worth $488,323,000 after buying an additional 825,345 shares during the period. Bank of America Corp DE raised its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 8.3% in the third quarter. Bank of America Corp DE now owns 7,982,389 shares of the company’s stock worth $303,486,000 after buying an additional 614,123 shares during the period. UBS Group AG raised its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 2.9% in the fourth quarter. UBS Group AG now owns 6,941,165 shares of the company’s stock worth $265,985,000 after buying an additional 194,373 shares during the period. Capital Investment Advisors LLC raised its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 4.9% in the fourth quarter. Capital Investment Advisors LLC now owns 4,375,623 shares of the company’s stock worth $167,674,000 after buying an additional 204,797 shares during the period. Finally, HighTower Advisors LLC increased its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 5.7% during the 4th quarter. HighTower Advisors LLC now owns 3,305,788 shares of the company’s stock worth $126,678,000 after purchasing an additional 178,736 shares during the period.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Performance

NASDAQ SDVY opened at $41.54 on Tuesday. The stock has a 50-day simple moving average of $40.89 and a two-hundred day simple moving average of $40.16. The firm has a market capitalization of $10.75 billion, a P/E ratio of 14.54 and a beta of 1.04. First Trust SMID Cap Rising Dividend Achievers ETF has a fifty-two week low of $33.54 and a fifty-two week high of $42.89.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were paid a dividend of $0.0976 per share. This represents a $0.39 annualized dividend and a yield of 0.9%. The ex-dividend date was Thursday, March 26th.

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.