Capital Investment Counsel LLC Makes New Investment in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY)

Capital Investment Counsel LLC bought a new position in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 211,513 shares of the company’s stock, valued at approximately $7,695,000. First Trust SMID Cap Rising Dividend Archievers ETF comprises about 1.3% of Capital Investment Counsel LLC’s investment portfolio, making the stock its 26th biggest position. Capital Investment Counsel LLC owned approximately 0.12% of First Trust SMID Cap Rising Dividend Archievers ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. LPL Financial LLC lifted its position in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 17.1% in the 3rd quarter. LPL Financial LLC now owns 17,987,114 shares of the company’s stock worth $654,371,000 after purchasing an additional 2,628,717 shares during the period. Raymond James & Associates lifted its holdings in First Trust SMID Cap Rising Dividend Archievers ETF by 18.8% in the third quarter. Raymond James & Associates now owns 4,234,856 shares of the company’s stock worth $154,064,000 after buying an additional 669,172 shares during the period. Raymond James Financial Services Advisors Inc. boosted its position in First Trust SMID Cap Rising Dividend Archievers ETF by 34.4% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 3,266,343 shares of the company’s stock valued at $109,031,000 after acquiring an additional 835,904 shares in the last quarter. Capital Investment Advisors LLC grew its holdings in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 7.8% during the 3rd quarter. Capital Investment Advisors LLC now owns 3,242,678 shares of the company’s stock worth $117,969,000 after acquiring an additional 234,870 shares during the period. Finally, LVZ Inc. raised its position in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 0.8% in the 2nd quarter. LVZ Inc. now owns 2,716,224 shares of the company’s stock worth $90,668,000 after acquiring an additional 22,837 shares in the last quarter.

First Trust SMID Cap Rising Dividend Archievers ETF Stock Up 1.8 %

NASDAQ SDVY opened at $39.61 on Friday. The firm has a market capitalization of $6.93 billion, a PE ratio of 8.30 and a beta of 1.18. The stock’s 50 day moving average is $36.90 and its 200 day moving average is $35.22. First Trust SMID Cap Rising Dividend Archievers ETF has a twelve month low of $28.92 and a twelve month high of $39.63.

First Trust SMID Cap Rising Dividend Archievers ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were issued a dividend of $0.1383 per share. This represents a $0.55 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date of this dividend was Thursday, September 26th.

First Trust SMID Cap Rising Dividend Archievers 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.