MML Investors Services LLC Raises Stake in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY)

MML Investors Services LLC boosted its position in shares of First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) by 12.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,130,306 shares of the company’s stock after acquiring an additional 120,714 shares during the period. MML Investors Services LLC’s holdings in First Trust SMID Cap Rising Dividend Archievers ETF were worth $41,121,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. LPL Financial LLC grew its stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 17.1% during the third 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 in the last quarter. Raymond James & Associates lifted its holdings in First Trust SMID Cap Rising Dividend Archievers ETF by 18.8% during the 3rd 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 last quarter. Raymond James Financial Services Advisors Inc. boosted its position in shares of 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 worth $109,031,000 after acquiring an additional 835,904 shares in the last quarter. Capital Investment Advisors LLC increased its holdings in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 7.8% in the 3rd quarter. Capital Investment Advisors LLC now owns 3,242,678 shares of the company’s stock valued at $117,969,000 after acquiring an additional 234,870 shares during the last quarter. Finally, LVZ Inc. raised its position in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 0.8% during 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 Down 0.4 %

SDVY stock opened at $38.94 on Monday. The business has a 50 day moving average price of $37.64 and a 200 day moving average price of $35.59. The stock has a market cap of $6.82 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 fifty-two week low of $30.13 and a fifty-two week high of $40.60.

First Trust SMID Cap Rising Dividend Archievers ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were given a dividend of $0.1383 per share. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $0.55 annualized dividend and a dividend yield of 1.42%.

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.