ORBA Wealth Advisors L.L.C. Has $357,000 Position in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY)

ORBA Wealth Advisors L.L.C. cut its stake in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) by 28.6% during the fourth quarter, HoldingsChannel reports. The fund owned 9,970 shares of the company’s stock after selling 4,000 shares during the quarter. ORBA Wealth Advisors L.L.C.’s holdings in First Trust SMID Cap Rising Dividend Archievers ETF were worth $357,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Assetmark Inc. increased its position in First Trust SMID Cap Rising Dividend Archievers ETF by 105.2% in the 3rd quarter. Assetmark Inc. now owns 3,211 shares of the company’s stock worth $117,000 after purchasing an additional 1,646 shares during the last quarter. Thrivent Financial for Lutherans increased its holdings in First Trust SMID Cap Rising Dividend Archievers ETF by 1.3% in the third quarter. Thrivent Financial for Lutherans now owns 36,550 shares of the company’s stock worth $1,330,000 after buying an additional 465 shares during the last quarter. Redhawk Wealth Advisors Inc. raised its position in First Trust SMID Cap Rising Dividend Archievers ETF by 16.4% during the fourth quarter. Redhawk Wealth Advisors Inc. now owns 150,303 shares of the company’s stock valued at $5,388,000 after acquiring an additional 21,199 shares in the last quarter. Janney Montgomery Scott LLC raised its position in First Trust SMID Cap Rising Dividend Archievers ETF by 46.8% during the fourth quarter. Janney Montgomery Scott LLC now owns 713,298 shares of the company’s stock valued at $25,572,000 after acquiring an additional 227,413 shares in the last quarter. Finally, Allworth Financial LP lifted its stake in First Trust SMID Cap Rising Dividend Archievers ETF by 28.5% in the fourth quarter. Allworth Financial LP now owns 12,950 shares of the company’s stock valued at $490,000 after acquiring an additional 2,872 shares during the last quarter.

First Trust SMID Cap Rising Dividend Archievers ETF Price Performance

Shares of SDVY opened at $35.57 on Wednesday. The firm has a market cap of $7.93 billion, a price-to-earnings ratio of 12.91 and a beta of 1.18. The company’s fifty day moving average is $36.63 and its 200-day moving average is $36.70. First Trust SMID Cap Rising Dividend Archievers ETF has a 12 month low of $32.22 and a 12 month high of $40.60.

First Trust SMID Cap Rising Dividend Archievers ETF Dividend Announcement

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were given a dividend of $0.1821 per share. The ex-dividend date was Friday, December 13th.

First Trust SMID Cap Rising Dividend Archievers 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.