Arkos Global Advisors Raises Stake in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY)

Arkos Global Advisors increased its stake in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) by 5.8% in the second quarter, HoldingsChannel.com reports. The firm owned 27,848 shares of the company’s stock after acquiring an additional 1,520 shares during the quarter. Arkos Global Advisors’ holdings in First Trust SMID Cap Rising Dividend Archievers ETF were worth $930,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. LPL Financial LLC increased its holdings in First Trust SMID Cap Rising Dividend Archievers ETF by 15.9% in the second quarter. LPL Financial LLC now owns 15,358,397 shares of the company’s stock valued at $512,663,000 after buying an additional 2,105,789 shares in the last quarter. Raymond James & Associates grew its holdings in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 7.8% in the 2nd quarter. Raymond James & Associates now owns 3,565,684 shares of the company’s stock worth $119,023,000 after acquiring an additional 258,459 shares during the period. Raymond James Financial Services Advisors Inc. increased its stake in First Trust SMID Cap Rising Dividend Archievers ETF by 34.4% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 3,266,343 shares of the company’s stock valued at $109,031,000 after purchasing an additional 835,904 shares in the last quarter. Capital Investment Advisors LLC raised its holdings in First Trust SMID Cap Rising Dividend Archievers ETF by 38,705.4% during the second quarter. Capital Investment Advisors LLC now owns 3,007,808 shares of the company’s stock worth $100,401,000 after purchasing an additional 3,000,057 shares during the last quarter. Finally, LVZ Inc. boosted its position in First Trust SMID Cap Rising Dividend Archievers ETF by 0.8% during the second quarter. LVZ Inc. now owns 2,716,224 shares of the company’s stock worth $90,668,000 after purchasing an additional 22,837 shares in the last quarter.

First Trust SMID Cap Rising Dividend Archievers ETF Stock Performance

First Trust SMID Cap Rising Dividend Archievers ETF stock opened at $36.25 on Friday. The firm has a market capitalization of $5.44 billion, a price-to-earnings ratio of 8.30 and a beta of 1.18. First Trust SMID Cap Rising Dividend Archievers ETF has a fifty-two week low of $26.40 and a fifty-two week high of $37.25. The stock’s fifty day moving average is $35.11 and its two-hundred day moving average is $34.21.

First Trust SMID Cap Rising Dividend Archievers ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Thursday, September 26th will be paid a $0.1383 dividend. The ex-dividend date is Thursday, September 26th. This represents a $0.55 dividend on an annualized basis and a yield of 1.53%.

First Trust SMID Cap Rising Dividend Archievers 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.