American Financial Advisors LLC Takes $268,000 Position in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY)

American Financial Advisors LLC acquired a new stake in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 7,355 shares of the company’s stock, valued at approximately $268,000.

Other large investors have also added to or reduced their stakes in the company. LPL Financial LLC raised its position in First Trust SMID Cap Rising Dividend Archievers ETF by 15.9% during the 2nd quarter. LPL Financial LLC now owns 15,358,397 shares of the company’s stock worth $512,663,000 after purchasing an additional 2,105,789 shares during the last quarter. Raymond James & Associates increased its stake in shares of 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 valued at $154,064,000 after buying an additional 669,172 shares during the period. Raymond James Financial Services Advisors Inc. raised its position in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 34.4% during the second 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 during the last quarter. Capital Investment Advisors LLC lifted its stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 7.8% in the third 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. boosted its holdings in First Trust SMID Cap Rising Dividend Archievers ETF by 0.8% in the second quarter. LVZ Inc. now owns 2,716,224 shares of the company’s stock valued at $90,668,000 after acquiring an additional 22,837 shares during the last quarter.

First Trust SMID Cap Rising Dividend Archievers ETF Stock Down 0.9 %

First Trust SMID Cap Rising Dividend Archievers ETF stock traded down $0.32 during mid-day trading on Tuesday, hitting $36.10. 602,246 shares of the stock were exchanged, compared to its average volume of 1,106,811. The firm’s fifty day simple moving average is $35.82 and its two-hundred day simple moving average is $34.61. First Trust SMID Cap Rising Dividend Archievers ETF has a 12 month low of $26.47 and a 12 month high of $37.55. The stock has a market capitalization of $6.27 billion, a price-to-earnings ratio of 8.30 and a beta of 1.18.

First Trust SMID Cap Rising Dividend Archievers ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders 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 1.53%. The ex-dividend date was Thursday, September 26th.

About First Trust SMID Cap Rising Dividend Archievers ETF

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.