Silver Oak Securities Incorporated Grows Stake in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Silver Oak Securities Incorporated grew its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 54.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 87,799 shares of the company’s stock after acquiring an additional 31,072 shares during the quarter. Silver Oak Securities Incorporated’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $3,338,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Hantz Financial Services Inc. purchased a new stake in First Trust SMID Cap Rising Dividend Achievers ETF during the 2nd quarter valued at about $33,000. Fifth Third Bancorp lifted its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 120.9% in the second quarter. Fifth Third Bancorp now owns 952 shares of the company’s stock worth $34,000 after buying an additional 521 shares in the last quarter. Atlantic Union Bankshares Corp bought a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the second quarter worth approximately $34,000. Princeton Global Asset Management LLC purchased a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the third quarter valued at approximately $36,000. Finally, Winnow Wealth LLC bought a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the second quarter valued at approximately $42,000.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Down 1.1%

Shares of NASDAQ SDVY opened at $38.32 on Friday. First Trust SMID Cap Rising Dividend Achievers ETF has a twelve month low of $28.84 and a twelve month high of $39.60. The firm has a market cap of $9.21 billion, a P/E ratio of 14.54 and a beta of 1.12. The company has a 50 day moving average of $38.16 and a 200 day moving average of $37.34.

First Trust SMID Cap Rising Dividend Achievers ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were issued a $0.1305 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Friday, December 12th. This is a positive change from First Trust SMID Cap Rising Dividend Achievers ETF’s previous quarterly dividend of $0.10.

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.