Arax Advisory Partners Takes Position in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Arax Advisory Partners bought a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 229,116 shares of the company’s stock, valued at approximately $8,780,000.

A number of other institutional investors also recently bought and sold shares of the stock. TD Waterhouse Canada Inc. lifted its position in First Trust SMID Cap Rising Dividend Achievers ETF by 1.7% in the fourth quarter. TD Waterhouse Canada Inc. now owns 15,085 shares of the company’s stock worth $578,000 after buying an additional 251 shares during the last quarter. Keystone Financial Services LLC lifted its position in First Trust SMID Cap Rising Dividend Achievers ETF by 1.3% in the fourth quarter. Keystone Financial Services LLC now owns 19,815 shares of the company’s stock worth $759,000 after buying an additional 252 shares during the last quarter. Allie Family Office LLC lifted its position in First Trust SMID Cap Rising Dividend Achievers ETF by 2.3% in the fourth quarter. Allie Family Office LLC now owns 11,545 shares of the company’s stock worth $442,000 after buying an additional 264 shares during the last quarter. Insight Inv LLC lifted its position in First Trust SMID Cap Rising Dividend Achievers ETF by 2.0% in the fourth quarter. Insight Inv LLC now owns 13,770 shares of the company’s stock worth $528,000 after buying an additional 270 shares during the last quarter. Finally, Fortis Group Advisors LLC lifted its position in First Trust SMID Cap Rising Dividend Achievers ETF by 3.3% in the fourth quarter. Fortis Group Advisors LLC now owns 8,422 shares of the company’s stock worth $340,000 after buying an additional 272 shares during the last quarter.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Up 1.0%

Shares of SDVY opened at $42.38 on Friday. The company has a market cap of $10.97 billion, a PE ratio of 14.54 and a beta of 1.01. The business has a fifty day moving average of $41.52 and a 200 day moving average of $40.54. First Trust SMID Cap Rising Dividend Achievers ETF has a 52-week low of $34.19 and a 52-week high of $42.89.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were given a $0.0976 dividend. The ex-dividend date was Thursday, March 26th. This represents a $0.39 dividend on an annualized basis and a yield of 0.9%.

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.