Hobart Private Capital LLC Reduces Position in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Hobart Private Capital LLC trimmed its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 8.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 172,601 shares of the company’s stock after selling 15,778 shares during the quarter. First Trust SMID Cap Rising Dividend Achievers ETF accounts for about 1.4% of Hobart Private Capital LLC’s investment portfolio, making the stock its 24th biggest position. Hobart Private Capital LLC owned approximately 0.07% of First Trust SMID Cap Rising Dividend Achievers ETF worth $6,089,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Moloney Securities Asset Management LLC increased its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 2.9% in the second quarter. Moloney Securities Asset Management LLC now owns 10,260 shares of the company’s stock valued at $362,000 after buying an additional 291 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 1.2% in the second quarter. Farther Finance Advisors LLC now owns 28,969 shares of the company’s stock valued at $1,022,000 after acquiring an additional 333 shares during the period. Ameritas Advisory Services LLC boosted its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 0.8% in the second quarter. Ameritas Advisory Services LLC now owns 41,112 shares of the company’s stock valued at $1,450,000 after acquiring an additional 335 shares during the period. Purus Wealth Management LLC boosted its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 0.7% in the first quarter. Purus Wealth Management LLC now owns 51,922 shares of the company’s stock valued at $1,739,000 after acquiring an additional 355 shares during the period. Finally, Arbor Capital Management Inc. ADV boosted its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 3.9% in the first quarter. Arbor Capital Management Inc. ADV now owns 10,198 shares of the company’s stock valued at $345,000 after acquiring an additional 383 shares during the period.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Up 0.6%

Shares of SDVY stock opened at $37.85 on Friday. The business has a 50 day moving average of $37.80 and a two-hundred day moving average of $35.70. First Trust SMID Cap Rising Dividend Achievers ETF has a 52 week low of $28.84 and a 52 week high of $40.60. The company has a market cap of $9.04 billion, a P/E ratio of 14.54 and a beta of 1.18.

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 $0.095 dividend. This represents a $0.38 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Thursday, September 25th.

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.