Capital Financial Group Inc. Co. ADV Acquires Shares of 67,925 First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Capital Financial Group Inc. Co. ADV acquired a new stake in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) during the fourth quarter, Holdings Channel.com reports. The fund acquired 67,925 shares of the company’s stock, valued at approximately $2,603,000. First Trust SMID Cap Rising Dividend Achievers ETF makes up approximately 1.5% of Capital Financial Group Inc. Co. ADV’s holdings, making the stock its 19th biggest position.

A number of other large investors have also recently made changes to their positions in the business. LPL Financial LLC lifted its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 4.8% in the fourth quarter. LPL Financial LLC now owns 24,892,169 shares of the company’s stock valued at $953,868,000 after buying an additional 1,135,800 shares in the last quarter. Morgan Stanley lifted its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 0.7% during the fourth quarter. Morgan Stanley now owns 17,946,856 shares of the company’s stock valued at $687,724,000 after purchasing an additional 130,885 shares in the last quarter. Raymond James Financial Inc. lifted its position in shares of 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 valued at $488,323,000 after purchasing an additional 825,345 shares in the last quarter. Bank of America Corp DE lifted its position in shares of 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 valued at $303,486,000 after purchasing an additional 614,123 shares in the last quarter. Finally, UBS Group AG lifted its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 2.9% during the fourth quarter. UBS Group AG now owns 6,941,165 shares of the company’s stock valued at $265,985,000 after purchasing an additional 194,373 shares in the last quarter.

First Trust SMID Cap Rising Dividend Achievers ETF Price Performance

SDVY opened at $42.39 on Tuesday. The company’s 50-day moving average is $41.57 and its 200 day moving average is $40.60. First Trust SMID Cap Rising Dividend Achievers ETF has a fifty-two week low of $34.21 and a fifty-two week high of $42.90. The firm has a market capitalization of $10.97 billion, a P/E ratio of 14.54 and a beta of 1.01.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were given a dividend of $0.0976 per share. This represents a $0.39 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Thursday, March 26th.

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.