LeClair Wealth Partners LLC Lowers Holdings in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

LeClair Wealth Partners LLC decreased its holdings in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 54.1% in the 4th quarter, Holdings Channel reports. The institutional investor owned 52,442 shares of the company’s stock after selling 61,782 shares during the period. First Trust SMID Cap Rising Dividend Achievers ETF makes up approximately 1.2% of LeClair Wealth Partners LLC’s portfolio, making the stock its 28th biggest position. LeClair Wealth Partners LLC’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $2,010,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SDVY. Eagle Bay Advisors LLC purchased a new stake in First Trust SMID Cap Rising Dividend Achievers ETF in the 4th quarter valued at about $25,000. Oakworth Capital Inc. purchased a new stake in First Trust SMID Cap Rising Dividend Achievers ETF in the 4th quarter valued at about $25,000. Trust Co. of Vermont purchased a new stake in First Trust SMID Cap Rising Dividend Achievers ETF in the 4th quarter valued at about $27,000. EQ Wealth Advisors LLC purchased a new stake in First Trust SMID Cap Rising Dividend Achievers ETF in the 4th quarter valued at about $30,000. Finally, High Note Wealth LLC purchased a new stake in First Trust SMID Cap Rising Dividend Achievers ETF in the 4th quarter valued at about $32,000.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Performance

Shares of NASDAQ:SDVY opened at $41.37 on Monday. First Trust SMID Cap Rising Dividend Achievers ETF has a 1 year low of $34.19 and a 1 year high of $42.89. The stock has a market capitalization of $10.71 billion, a P/E ratio of 14.54 and a beta of 1.01. The stock has a 50-day simple moving average of $41.25 and a 200-day simple moving average of $40.40.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

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

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.