Arvest Investments Inc. Sells 26,522 Shares of First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Arvest Investments Inc. cut its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 10.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 238,068 shares of the company’s stock after selling 26,522 shares during the quarter. First Trust SMID Cap Rising Dividend Achievers ETF comprises approximately 1.3% of Arvest Investments Inc.’s portfolio, making the stock its 21st biggest position. Arvest Investments Inc. owned approximately 0.10% of First Trust SMID Cap Rising Dividend Achievers ETF worth $9,051,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of SDVY. Royal Bank of Canada grew its position 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 purchasing an additional 294,498 shares during the last quarter. Cetera Investment Advisers lifted its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 5.5% in the second quarter. Cetera Investment Advisers now owns 5,276,231 shares of the company’s stock worth $186,145,000 after buying an additional 273,077 shares in the last quarter. Capital Investment Advisors LLC grew its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 6.4% during the second quarter. Capital Investment Advisors LLC now owns 3,972,146 shares of the company’s stock valued at $140,137,000 after buying an additional 240,655 shares during the last quarter. Park National Corp OH increased its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 1.1% during the third quarter. Park National Corp OH now owns 3,412,175 shares of the company’s stock valued at $129,729,000 after acquiring an additional 35,601 shares in the last quarter. Finally, Harbour Investments Inc. raised its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 472.9% in the 2nd quarter. Harbour Investments Inc. now owns 2,835,642 shares of the company’s stock worth $100,041,000 after acquiring an additional 2,340,638 shares during the last quarter.

First Trust SMID Cap Rising Dividend Achievers ETF Trading Up 0.1%

SDVY stock opened at $39.02 on Monday. The stock’s 50 day simple moving average is $37.88 and its 200 day simple moving average is $37.11. First Trust SMID Cap Rising Dividend Achievers ETF has a 12-month low of $28.84 and a 12-month high of $39.60. The stock has a market capitalization of $9.37 billion, a PE ratio of 14.54 and a beta of 1.12.

First Trust SMID Cap Rising Dividend Achievers ETF Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th will be issued a dividend of $0.1305 per share. The ex-dividend date of this dividend is Friday, December 12th. This is an increase from First Trust SMID Cap Rising Dividend Achievers ETF’s previous quarterly dividend of $0.10. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.3%.

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.