Silver Oak Securities Incorporated has significantly increased its investment in the First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 54.8% during the third quarter of the year. According to a recent filing with the Securities and Exchange Commission (SEC), the institutional investor now holds 87,799 shares of the ETF after acquiring an additional 31,072 shares during this period. The value of Silver Oak’s holdings is approximately $3,338,000 as of the latest SEC disclosure.
Interest in the First Trust SMID Cap Rising Dividend Achievers ETF has been growing among various institutional investors. For instance, Hantz Financial Services Inc. purchased a new stake valued at around $33,000 during the second quarter. Similarly, Fifth Third Bancorp increased its stake by an impressive 120.9%, acquiring 521 shares to bring its total to 952 shares, valued at about $34,000. Other notable investments include Atlantic Union Bankshares Corp, which also bought a new position worth approximately $34,000, and Princeton Global Asset Management LLC, which invested around $36,000 in the same quarter.
The ETF’s performance has experienced fluctuations, with its shares recently opening at $38.32. Over the past year, the ETF has seen a low of $28.84 and a high of $39.60. The fund currently boasts a market capitalization of $9.21 billion, a price-to-earnings (P/E) ratio of 14.54, and a beta of 1.12. The ETF has a 50-day moving average of $38.16 and a 200-day moving average of $37.34.
About the First Trust SMID Cap Rising Dividend Achievers ETF
The First Trust SMID Cap Rising Dividend Achievers ETF focuses on investing in small- and mid-cap US companies that have a history of increasing their dividends. Launched on November 1, 2017, the ETF tracks an equal-weighted index designed to include companies that meet various fundamental criteria. Managed by First Trust, this fund aims to provide investors with exposure to equities that not only show growth potential but also offer reliable dividend returns.
As institutional interest continues to build, the First Trust SMID Cap Rising Dividend Achievers ETF remains a key player in the investment landscape, attracting both new and existing investors eager to capitalize on its promising trajectory. For those looking to monitor institutional holdings in the ETF, resources such as HoldingsChannel.com provide up-to-date information on the latest filings and trades.
