Pine Valley Investments Ltd Liability Co Has $15.23 Million Stock Holdings in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Pine Valley Investments Ltd Liability Co trimmed its position in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 11.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 386,211 shares of the company’s stock after selling 48,499 shares during the quarter. First Trust SMID Cap Rising Dividend Achievers ETF comprises approximately 0.7% of Pine Valley Investments Ltd Liability Co’s holdings, making the stock its 29th largest position. Pine Valley Investments Ltd Liability Co’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $15,228,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Eagle Bay Advisors LLC bought a new position in First Trust SMID Cap Rising Dividend Achievers ETF in the 4th quarter worth $25,000. Oakworth Capital Inc. acquired a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the fourth quarter valued at about $25,000. Trust Co. of Vermont acquired a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the fourth quarter valued at about $27,000. Smartleaf Asset Management LLC bought a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the fourth quarter worth about $28,000. Finally, EQ Wealth Advisors LLC bought a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the fourth quarter worth about $30,000.

First Trust SMID Cap Rising Dividend Achievers ETF Price Performance

Shares of NASDAQ:SDVY opened at $43.78 on Monday. The business has a 50 day moving average price of $42.56 and a 200 day moving average price of $41.57. First Trust SMID Cap Rising Dividend Achievers ETF has a twelve month low of $35.03 and a twelve month high of $44.19. The company has a market cap of $11.57 billion, a price-to-earnings ratio of 14.54 and a beta of 1.01.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were given a $0.0901 dividend. This represents a $0.36 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Thursday, June 25th.

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.