Arkadios Wealth Advisors Raises Stake in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY)

Arkadios Wealth Advisors raised its stake in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 36.1% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 241,347 shares of the company’s stock after buying an additional 64,058 shares during the quarter. Arkadios Wealth Advisors owned approximately 0.10% of First Trust SMID Cap Rising Dividend Achievers ETF worth $8,085,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in SDVY. O Shaughnessy Asset Management LLC purchased a new stake in First Trust SMID Cap Rising Dividend Achievers ETF in the 4th quarter valued at $44,000. Hazlett Burt & Watson Inc. grew its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 147.7% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 2,108 shares of the company’s stock worth $76,000 after purchasing an additional 1,257 shares during the period. Hoey Investments Inc. purchased a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the 4th quarter worth $36,000. National Bank of Canada FI grew its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 248.0% during the 4th quarter. National Bank of Canada FI now owns 2,565 shares of the company’s stock worth $92,000 after purchasing an additional 1,828 shares during the period. Finally, StoneX Group Inc. grew its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 2.2% during the 4th quarter. StoneX Group Inc. now owns 686,084 shares of the company’s stock worth $24,596,000 after purchasing an additional 14,995 shares during the period.

First Trust SMID Cap Rising Dividend Achievers ETF Trading Down 0.2%

NASDAQ SDVY opened at $36.47 on Wednesday. The stock has a market cap of $8.45 billion, a PE ratio of 14.54 and a beta of 1.18. First Trust SMID Cap Rising Dividend Achievers ETF has a twelve month low of $28.84 and a twelve month high of $40.60. The stock has a fifty day simple moving average of $35.28 and a 200-day simple moving average of $34.73.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Thursday, June 26th were issued a dividend of $0.1178 per share. This represents a $0.47 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date was Thursday, June 26th.

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.