Arcadia Wealth Management Inc. Buys 13,806 Shares of First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Arcadia Wealth Management Inc. raised its holdings in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 33.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 55,249 shares of the company’s stock after purchasing an additional 13,806 shares during the quarter. First Trust SMID Cap Rising Dividend Achievers ETF accounts for approximately 1.3% of Arcadia Wealth Management Inc.’s investment portfolio, making the stock its 19th biggest position. Arcadia Wealth Management Inc.’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $1,949,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. LPL Financial LLC boosted its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 6.6% in the 1st quarter. LPL Financial LLC now owns 23,374,014 shares of the company’s stock valued at $783,029,000 after purchasing an additional 1,438,128 shares in the last quarter. Raymond James Financial Inc. boosted its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 17.5% in the 1st quarter. Raymond James Financial Inc. now owns 12,496,285 shares of the company’s stock valued at $418,626,000 after purchasing an additional 1,860,262 shares in the last quarter. Royal Bank of Canada boosted its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 5.3% in the 1st quarter. Royal Bank of Canada now owns 5,893,579 shares of the company’s stock valued at $197,436,000 after purchasing an additional 294,498 shares in the last quarter. Cetera Investment Advisers boosted its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 45.1% in the 1st quarter. Cetera Investment Advisers now owns 5,003,154 shares of the company’s stock valued at $167,606,000 after purchasing an additional 1,556,017 shares in the last quarter. Finally, Capital Investment Advisors LLC boosted its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 6.4% in the 2nd quarter. Capital Investment Advisors LLC now owns 3,972,146 shares of the company’s stock valued at $140,137,000 after purchasing an additional 240,655 shares in the last quarter.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Performance

Shares of SDVY stock opened at $37.70 on Wednesday. The stock’s fifty day moving average price is $37.83 and its two-hundred day moving average price is $35.86. The company has a market cap of $9.01 billion, a PE ratio of 14.54 and a beta of 1.12. First Trust SMID Cap Rising Dividend Achievers ETF has a fifty-two week low of $28.84 and a fifty-two week high of $40.60.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Thursday, September 25th were issued a dividend of $0.095 per share. The ex-dividend date of this dividend was Thursday, September 25th. This represents a $0.38 annualized dividend and a dividend yield of 1.0%.

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.