Oppenheimer & Co. Inc. Has $7.65 Million Stock Position in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Oppenheimer & Co. Inc. boosted its stake in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 11.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 201,215 shares of the company’s stock after purchasing an additional 21,453 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $7,650,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Cetera Investment Advisers boosted its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 5.5% during the 2nd quarter. Cetera Investment Advisers now owns 5,276,231 shares of the company’s stock worth $186,145,000 after acquiring an additional 273,077 shares during the last quarter. Capital Investment Advisors LLC increased its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 5.0% in the third quarter. Capital Investment Advisors LLC now owns 4,170,826 shares of the company’s stock valued at $158,573,000 after purchasing an additional 198,680 shares in the last quarter. Park National Corp OH raised its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 1.1% in the third quarter. Park National Corp OH now owns 3,412,175 shares of the company’s stock worth $129,729,000 after purchasing an additional 35,601 shares during the period. Commonwealth Equity Services LLC boosted its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 17.1% during the third quarter. Commonwealth Equity Services LLC now owns 3,384,431 shares of the company’s stock worth $128,674,000 after purchasing an additional 494,306 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 3.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 3,067,640 shares of the company’s stock valued at $116,630,000 after buying an additional 93,376 shares during the period.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Up 0.2%

SDVY opened at $42.32 on Wednesday. First Trust SMID Cap Rising Dividend Achievers ETF has a 12 month low of $28.84 and a 12 month high of $42.50. The company has a fifty day simple moving average of $39.82 and a 200 day simple moving average of $38.33. The stock has a market cap of $10.61 billion, a P/E ratio of 14.54 and a beta of 1.12.

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. Investors of record on Friday, December 12th were paid a dividend of $0.1305 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.2%. 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.

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.