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

LPL Financial LLC increased its stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) by 17.1% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 17,987,114 shares of the company’s stock after purchasing an additional 2,628,717 shares during the period. LPL Financial LLC owned 0.10% of First Trust SMID Cap Rising Dividend Archievers ETF worth $654,371,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Hazlett Burt & Watson Inc. purchased a new stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF in the second quarter worth about $28,000. Strategic Financial Concepts LLC purchased a new position in shares of First Trust SMID Cap Rising Dividend Archievers ETF during the 2nd quarter valued at $28,000. EverSource Wealth Advisors LLC bought a new position in shares of First Trust SMID Cap Rising Dividend Archievers ETF in the first quarter worth $34,000. Mather Group LLC. purchased a new stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF in the second quarter worth $35,000. Finally, ORG Partners LLC purchased a new stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF in the third quarter worth $73,000.

First Trust SMID Cap Rising Dividend Archievers ETF Stock Up 0.5 %

First Trust SMID Cap Rising Dividend Archievers ETF stock opened at $38.23 on Thursday. The stock has a market cap of $6.69 billion, a price-to-earnings ratio of 8.30 and a beta of 1.18. The business has a 50-day simple moving average of $36.63 and a 200 day simple moving average of $35.13. First Trust SMID Cap Rising Dividend Archievers ETF has a 52 week low of $28.87 and a 52 week high of $39.24.

First Trust SMID Cap Rising Dividend Archievers ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were given a dividend of $0.1383 per share. The ex-dividend date was Thursday, September 26th. This represents a $0.55 dividend on an annualized basis and a yield of 1.45%.

First Trust SMID Cap Rising Dividend Archievers 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.