Arvest Investments Inc. Boosts Stock Holdings in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY)

Arvest Investments Inc. raised its holdings in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 12.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 208,729 shares of the company’s stock after purchasing an additional 23,132 shares during the period. First Trust SMID Cap Rising Dividend Achievers ETF accounts for about 1.1% of Arvest Investments Inc.’s holdings, making the stock its 24th biggest position. Arvest Investments Inc.’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $6,992,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Stephens Inc. AR grew its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 357.5% during the fourth quarter. Stephens Inc. AR now owns 89,674 shares of the company’s stock valued at $3,215,000 after acquiring an additional 70,073 shares in the last quarter. Sovran Advisors LLC purchased a new position in First Trust SMID Cap Rising Dividend Achievers ETF during the fourth quarter valued at approximately $386,000. Gladstone Institutional Advisory LLC grew its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 9.5% during the fourth quarter. Gladstone Institutional Advisory LLC now owns 141,533 shares of the company’s stock valued at $5,074,000 after acquiring an additional 12,240 shares in the last quarter. Clarity Capital Partners LLC grew its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 3.1% during the fourth quarter. Clarity Capital Partners LLC now owns 79,186 shares of the company’s stock valued at $2,839,000 after acquiring an additional 2,395 shares in the last quarter. Finally, Consolidated Planning Corp purchased a new position in First Trust SMID Cap Rising Dividend Achievers ETF during the fourth quarter valued at approximately $288,000.

First Trust SMID Cap Rising Dividend Achievers ETF Trading Down 0.5%

Shares of NASDAQ:SDVY opened at $34.86 on Thursday. The company has a 50 day moving average of $33.20 and a 200 day moving average of $35.16. The stock has a market cap of $8.10 billion, a P/E ratio of 13.22 and a beta of 1.18. First Trust SMID Cap Rising Dividend Achievers ETF has a 12 month low of $28.84 and a 12 month high of $40.60.

First Trust SMID Cap Rising Dividend Achievers ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were given a dividend of $0.1576 per share. The ex-dividend date was Thursday, March 27th. This is a positive change from First Trust SMID Cap Rising Dividend Achievers ETF’s previous quarterly dividend of $0.14. This represents a $0.63 annualized dividend and a yield of 1.81%.

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.