Park Avenue Securities LLC Acquires Shares of 7,551 First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Park Avenue Securities LLC purchased a new stake in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 7,551 shares of the company’s stock, valued at approximately $266,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SDVY. LPL Financial LLC increased its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 6.6% in the 1st quarter. LPL Financial LLC now owns 23,374,014 shares of the company’s stock valued at $783,029,000 after buying an additional 1,438,128 shares in the last quarter. Raymond James Financial Inc. lifted its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 17.5% during the first quarter. Raymond James Financial Inc. now owns 12,496,285 shares of the company’s stock worth $418,626,000 after purchasing an additional 1,860,262 shares during the period. Royal Bank of Canada lifted its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 5.3% during the 1st quarter. Royal Bank of Canada now owns 5,893,579 shares of the company’s stock valued at $197,436,000 after acquiring an additional 294,498 shares in the last quarter. Cetera Investment Advisers increased its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 45.1% in the 1st quarter. Cetera Investment Advisers now owns 5,003,154 shares of the company’s stock worth $167,606,000 after acquiring an additional 1,556,017 shares during the last quarter. Finally, Capital Investment Advisors LLC lifted its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 6.3% during the first quarter. Capital Investment Advisors LLC now owns 3,731,491 shares of the company’s stock worth $125,005,000 after acquiring an additional 221,441 shares in the last quarter.

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

SDVY stock opened at $37.95 on Thursday. The company’s 50 day moving average is $37.45 and its 200 day moving average is $35.17. The stock has a market cap of $8.80 billion, a price-to-earnings ratio of 14.54 and a beta of 1.18. First Trust SMID Cap Rising Dividend Achievers ETF has a 1-year low of $28.84 and a 1-year high of $40.60.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Thursday, September 25th were issued a dividend of $0.095 per share. This represents a $0.38 dividend on an annualized basis and a dividend 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.