First Trust SMID Cap Rising Dividend Achievers ETF $SDVY is Capital Investment Advisors LLC’s 3rd Largest Position

Capital Investment Advisors LLC lifted its position in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 4.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,375,623 shares of the company’s stock after purchasing an additional 204,797 shares during the quarter. First Trust SMID Cap Rising Dividend Achievers ETF comprises about 2.6% of Capital Investment Advisors LLC’s holdings, making the stock its 3rd biggest holding. Capital Investment Advisors LLC owned approximately 1.77% of First Trust SMID Cap Rising Dividend Achievers ETF worth $167,674,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Raymond James Financial Inc. boosted its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 6.9% during the third quarter. Raymond James Financial Inc. now owns 12,844,014 shares of the company’s stock worth $488,323,000 after buying an additional 825,345 shares during the period. Bank of America Corp DE lifted its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 8.3% during the third quarter. Bank of America Corp DE now owns 7,982,389 shares of the company’s stock worth $303,486,000 after purchasing an additional 614,123 shares in the last quarter. UBS Group AG boosted its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 5.4% during the third quarter. UBS Group AG now owns 6,746,792 shares of the company’s stock worth $256,513,000 after buying an additional 344,834 shares during the period. Park National Corp OH grew its stake in shares of 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 valued at $129,729,000 after buying an additional 35,601 shares in the last quarter. Finally, Commonwealth Equity Services LLC grew its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 17.1% in the third quarter. Commonwealth Equity Services LLC now owns 3,384,431 shares of the company’s stock valued at $128,674,000 after buying an additional 494,306 shares in the last quarter.

First Trust SMID Cap Rising Dividend Achievers ETF Price Performance

Shares of First Trust SMID Cap Rising Dividend Achievers ETF stock opened at $38.71 on Friday. The stock has a market capitalization of $9.70 billion, a price-to-earnings ratio of 14.54 and a beta of 1.12. The business has a 50-day moving average of $40.87 and a 200 day moving average of $39.15. First Trust SMID Cap Rising Dividend Achievers ETF has a 12 month low of $28.84 and a 12 month high of $42.89.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th will be given a dividend of $0.0976 per share. This represents a $0.39 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Thursday, March 26th.

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.