Capital Investment Advisors LLC Buys 204,797 Shares of First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Capital Investment Advisors LLC increased its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 4.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 accounts for 2.6% of Capital Investment Advisors LLC’s holdings, making the stock its 3rd largest holding. Capital Investment Advisors LLC’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $167,674,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. DAVENPORT & Co LLC increased its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 228.4% during the fourth quarter. DAVENPORT & Co LLC now owns 86,749 shares of the company’s stock worth $3,324,000 after buying an additional 60,332 shares during the period. Certified Advisory Corp raised its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 1.7% in the 4th quarter. Certified Advisory Corp now owns 213,277 shares of the company’s stock valued at $8,173,000 after purchasing an additional 3,491 shares in the last quarter. Kaydan Wealth Management Inc. raised its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 9.0% in the 4th quarter. Kaydan Wealth Management Inc. now owns 14,671 shares of the company’s stock valued at $562,000 after purchasing an additional 1,208 shares in the last quarter. Focus Financial Network Inc. lifted its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 4.9% during the 4th quarter. Focus Financial Network Inc. now owns 395,841 shares of the company’s stock worth $15,169,000 after purchasing an additional 18,637 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC lifted its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 2.2% during the 4th quarter. Dynamic Advisor Solutions LLC now owns 122,473 shares of the company’s stock worth $4,693,000 after purchasing an additional 2,644 shares during the last quarter.

First Trust SMID Cap Rising Dividend Achievers ETF Trading Down 1.4%

Shares of SDVY stock opened at $38.71 on Friday. The company has a market cap of $9.70 billion, a P/E ratio of 14.54 and a beta of 1.12. The firm has a fifty day moving average price of $40.87 and a 200 day moving average price 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 disclosed 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.

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.