LPL Financial LLC Increases Holdings in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY)

LPL Financial LLC increased its stake in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) by 15.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,358,397 shares of the company’s stock after acquiring an additional 2,105,789 shares during the period. LPL Financial LLC owned approximately 0.10% of First Trust SMID Cap Rising Dividend Archievers ETF worth $512,663,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Capital Investment Advisors LLC lifted its stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 38,705.4% in the 2nd quarter. Capital Investment Advisors LLC now owns 3,007,808 shares of the company’s stock valued at $100,401,000 after purchasing an additional 3,000,057 shares during the last quarter. Wells Fargo & Company MN raised its holdings in First Trust SMID Cap Rising Dividend Archievers ETF by 81.4% during the 4th quarter. Wells Fargo & Company MN now owns 4,477,768 shares of the company’s stock valued at $146,736,000 after buying an additional 2,009,597 shares during the period. Cetera Investment Advisers lifted its position in First Trust SMID Cap Rising Dividend Archievers ETF by 205.3% in the first quarter. Cetera Investment Advisers now owns 1,840,629 shares of the company’s stock worth $64,091,000 after buying an additional 1,237,801 shares during the last quarter. Smith Chas P & Associates PA Cpas bought a new position in First Trust SMID Cap Rising Dividend Archievers ETF during the second quarter valued at $32,429,000. Finally, Raymond James Financial Services Advisors Inc. raised its stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 34.4% in the second 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 during the period.

First Trust SMID Cap Rising Dividend Archievers ETF Trading Down 0.5 %

Shares of NASDAQ:SDVY opened at $34.01 on Wednesday. The company has a market capitalization of $5.10 billion, a price-to-earnings ratio of 8.30 and a beta of 1.18. First Trust SMID Cap Rising Dividend Archievers ETF has a 12 month low of $26.40 and a 12 month high of $37.25. The firm’s 50-day moving average is $34.75 and its 200 day moving average is $34.01.

First Trust SMID Cap Rising Dividend Archievers ETF Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, June 27th were paid a dividend of $0.1503 per share. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.77%.

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.