Arvest Investments Inc. Increases Stake in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Arvest Investments Inc. increased its holdings in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 10.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 263,558 shares of the company’s stock after purchasing an additional 25,490 shares during the quarter. First Trust SMID Cap Rising Dividend Achievers ETF accounts for 1.4% of Arvest Investments Inc.’s investment portfolio, making the stock its 19th biggest position. Arvest Investments Inc. owned 0.11% of First Trust SMID Cap Rising Dividend Achievers ETF worth $10,100,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in SDVY. GoalVest Advisory LLC bought a new stake in First Trust SMID Cap Rising Dividend Achievers ETF in the third quarter valued at approximately $25,000. Bank of Jackson Hole Trust bought a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the third quarter worth approximately $25,000. Trust Co. of Vermont bought a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the fourth quarter worth approximately $27,000. Princeton Global Asset Management LLC purchased a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the third quarter worth $36,000. Finally, Hoese & Co LLP purchased a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the fourth quarter worth $48,000.

First Trust SMID Cap Rising Dividend Achievers ETF Price Performance

NASDAQ:SDVY opened at $39.73 on Friday. The firm has a market capitalization of $10.17 billion, a P/E ratio of 14.54 and a beta of 1.12. The company has a fifty day moving average of $40.76 and a 200 day moving average of $39.19. First Trust SMID Cap Rising Dividend Achievers ETF has a 52 week low of $28.84 and a 52 week high of $42.89.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were paid a dividend of $0.0976 per share. This represents a $0.39 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Thursday, March 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.