Park National Corp OH Increases Position in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY)

Park National Corp OH increased its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 9.6% in the 1st quarter, HoldingsChannel reports. The firm owned 3,098,076 shares of the company’s stock after acquiring an additional 270,483 shares during the period. First Trust SMID Cap Rising Dividend Achievers ETF makes up approximately 3.8% of Park National Corp OH’s holdings, making the stock its 3rd largest holding. Park National Corp OH’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $103,786,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the business. LPL Financial LLC boosted its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 22.0% during the 4th quarter. LPL Financial LLC now owns 21,935,886 shares of the company’s stock worth $786,401,000 after buying an additional 3,948,772 shares in the last quarter. Wells Fargo & Company MN increased its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 20.6% in the 4th quarter. Wells Fargo & Company MN now owns 12,732,120 shares of the company’s stock valued at $456,447,000 after acquiring an additional 2,172,523 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the 4th quarter valued at $381,301,000. Bank of America Corp DE boosted its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 23.0% during the fourth quarter. Bank of America Corp DE now owns 7,099,053 shares of the company’s stock worth $254,501,000 after acquiring an additional 1,327,323 shares in the last quarter. Finally, Royal Bank of Canada boosted its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 28.5% during the fourth quarter. Royal Bank of Canada now owns 5,599,081 shares of the company’s stock worth $200,728,000 after acquiring an additional 1,241,896 shares in the last quarter.

First Trust SMID Cap Rising Dividend Achievers ETF Trading Down 1.3%

SDVY opened at $34.37 on Thursday. The company has a fifty day moving average price of $32.94 and a two-hundred day moving average price of $35.43. First Trust SMID Cap Rising Dividend Achievers ETF has a 1-year low of $28.84 and a 1-year high of $40.60. The company has a market cap of $7.99 billion, a P/E ratio of 13.22 and a beta of 1.18.

First Trust SMID Cap Rising Dividend Achievers ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were paid a dividend of $0.1576 per share. This is an increase from First Trust SMID Cap Rising Dividend Achievers ETF’s previous quarterly dividend of $0.14. This represents a $0.63 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date was Thursday, March 27th.

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.