Raymond James Financial Inc. Takes $381.30 Million Position in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY)

Raymond James Financial Inc. bought a new stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) during the 4th quarter, HoldingsChannel.com reports. The firm bought 10,636,023 shares of the company’s stock, valued at approximately $381,301,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. LPL Financial LLC raised its stake in 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 acquiring an additional 2,628,717 shares in the last quarter. Private Advisor Group LLC grew its holdings in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 48.3% in the 4th quarter. Private Advisor Group LLC now owns 1,533,825 shares of the company’s stock worth $54,988,000 after purchasing an additional 499,841 shares during the last quarter. Advance Capital Management Inc. acquired a new stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF during the 4th quarter worth about $17,603,000. Strategic Financial Concepts LLC bought a new position in First Trust SMID Cap Rising Dividend Archievers ETF during the 4th quarter valued at about $16,814,000. Finally, Blue Chip Partners LLC bought a new position in First Trust SMID Cap Rising Dividend Archievers ETF during the 4th quarter valued at about $13,720,000.

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

Shares of First Trust SMID Cap Rising Dividend Archievers ETF stock opened at $33.78 on Friday. The stock has a market capitalization of $7.53 billion, a price-to-earnings ratio of 12.91 and a beta of 1.18. The firm’s 50-day moving average price is $36.45 and its two-hundred day moving average price is $36.68. First Trust SMID Cap Rising Dividend Archievers ETF has a 1-year low of $32.22 and a 1-year high of $40.60.

First Trust SMID Cap Rising Dividend Archievers ETF Announces Dividend

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were given a dividend of $0.1821 per share. The ex-dividend date of this dividend was Friday, December 13th.

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.