Park Avenue Securities LLC Sells 66,244 Shares of First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Park Avenue Securities LLC lowered its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 89.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,081 shares of the company’s stock after selling 66,244 shares during the quarter. Park Avenue Securities LLC’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $328,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Bank of America Corp DE raised its position in First Trust SMID Cap Rising Dividend Achievers ETF by 6.3% in the first quarter. Bank of America Corp DE now owns 9,463,585 shares of the company’s stock worth $373,149,000 after acquiring an additional 564,137 shares in the last quarter. Cetera Investment Advisers boosted its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 2.9% during the 1st quarter. Cetera Investment Advisers now owns 7,943,362 shares of the company’s stock valued at $313,207,000 after purchasing an additional 227,423 shares in the last quarter. Royal Bank of Canada grew its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 5.1% in the 1st quarter. Royal Bank of Canada now owns 6,670,911 shares of the company’s stock worth $263,034,000 after purchasing an additional 322,622 shares during the last quarter. Capital Investment Advisors LLC grew its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 2.6% in the 3rd quarter. Capital Investment Advisors LLC now owns 4,853,868 shares of the company’s stock worth $196,970,000 after purchasing an additional 123,083 shares during the last quarter. Finally, Park National Corp OH grew its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 1.5% in the 3rd quarter. Park National Corp OH now owns 3,584,904 shares of the company’s stock worth $145,475,000 after purchasing an additional 54,366 shares during the last quarter.

First Trust SMID Cap Rising Dividend Achievers ETF Price Performance

NASDAQ SDVY opened at $41.93 on Friday. The company’s 50 day simple moving average is $41.97 and its 200 day simple moving average is $41.97. First Trust SMID Cap Rising Dividend Achievers ETF has a 12 month low of $36.40 and a 12 month high of $45.11. The company has a market capitalization of $11.07 billion, a P/E ratio of 14.54 and a beta of 1.02.

First Trust SMID Cap Rising Dividend Achievers ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th were given a $0.1002 dividend. This represents a $0.40 annualized dividend and a yield of 1.0%. This is a positive change from First Trust SMID Cap Rising Dividend Achievers ETF’s previous quarterly dividend of $0.0901. The ex-dividend date was Thursday, September 24th.

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.