Hilton Head Capital Partners LLC Invests $1.99 Million in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Hilton Head Capital Partners LLC bought a new stake in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 51,925 shares of the company’s stock, valued at approximately $1,990,000. First Trust SMID Cap Rising Dividend Achievers ETF makes up approximately 1.2% of Hilton Head Capital Partners LLC’s holdings, making the stock its 17th largest holding.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Capital Advantage Inc. raised its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 40.5% during the fourth quarter. Capital Advantage Inc. now owns 77,232 shares of the company’s stock worth $2,960,000 after purchasing an additional 22,276 shares during the period. Econ Financial Services Corp increased its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 26.1% during the 4th quarter. Econ Financial Services Corp now owns 179,719 shares of the company’s stock valued at $6,887,000 after purchasing an additional 37,184 shares in the last quarter. Pinnacle Associates Ltd. raised its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 39.8% during the third quarter. Pinnacle Associates Ltd. now owns 233,252 shares of the company’s stock worth $8,868,000 after buying an additional 66,370 shares during the last quarter. Arvest Investments Inc. lifted its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 10.7% in the fourth quarter. Arvest Investments Inc. now owns 263,558 shares of the company’s stock valued at $10,100,000 after buying an additional 25,490 shares in the last quarter. Finally, CWM LLC grew its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 7.4% during the fourth quarter. CWM LLC now owns 448,472 shares of the company’s stock valued at $17,185,000 after buying an additional 30,845 shares during the last quarter.

First Trust SMID Cap Rising Dividend Achievers ETF Price Performance

NASDAQ:SDVY opened at $41.37 on Monday. First Trust SMID Cap Rising Dividend Achievers ETF has a one year low of $34.19 and a one year high of $42.89. The company has a market cap of $10.71 billion, a PE ratio of 14.54 and a beta of 1.01. The firm has a 50-day moving average of $41.25 and a 200-day moving average of $40.40.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

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

First Trust SMID Cap Rising Dividend Achievers ETF 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.