Capital Investment Counsel LLC Sells 6,925 Shares of First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Capital Investment Counsel LLC lowered its holdings in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 3.3% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 202,011 shares of the company’s stock after selling 6,925 shares during the period. Capital Investment Counsel LLC owned approximately 0.09% of First Trust SMID Cap Rising Dividend Achievers ETF worth $7,127,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. LPL Financial LLC raised its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 6.6% in the 1st quarter. LPL Financial LLC now owns 23,374,014 shares of the company’s stock valued at $783,029,000 after buying an additional 1,438,128 shares in the last quarter. Raymond James Financial Inc. raised its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 17.5% in the 1st quarter. Raymond James Financial Inc. now owns 12,496,285 shares of the company’s stock valued at $418,626,000 after buying an additional 1,860,262 shares in the last quarter. Royal Bank of Canada raised its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 5.3% in the 1st quarter. Royal Bank of Canada now owns 5,893,579 shares of the company’s stock valued at $197,436,000 after buying an additional 294,498 shares in the last quarter. Cetera Investment Advisers raised its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 45.1% in the 1st quarter. Cetera Investment Advisers now owns 5,003,154 shares of the company’s stock valued at $167,606,000 after buying an additional 1,556,017 shares in the last quarter. Finally, Capital Investment Advisors LLC raised its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 6.4% in the 2nd quarter. Capital Investment Advisors LLC now owns 3,972,146 shares of the company’s stock valued at $140,137,000 after buying an additional 240,655 shares in the last quarter.

First Trust SMID Cap Rising Dividend Achievers ETF Trading Up 0.1%

Shares of NASDAQ:SDVY opened at $37.90 on Tuesday. The firm has a 50 day moving average of $37.82 and a 200-day moving average of $35.81. The stock has a market capitalization of $9.06 billion, a PE ratio of 14.54 and a beta of 1.12. First Trust SMID Cap Rising Dividend Achievers ETF has a 12 month low of $28.84 and a 12 month high of $40.60.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Thursday, September 25th were given a $0.095 dividend. The ex-dividend date was Thursday, September 25th. This represents a $0.38 annualized dividend and a dividend yield of 1.0%.

First Trust SMID Cap Rising Dividend Achievers 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.