Jacobi Capital Management LLC Buys 23,668 Shares of First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Jacobi Capital Management LLC increased its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 286.6% during the 1st quarter, Holdings Channel.com reports. The fund owned 31,925 shares of the company’s stock after purchasing an additional 23,668 shares during the quarter. Jacobi Capital Management LLC’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $1,069,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. LPL Financial LLC grew its position in First Trust SMID Cap Rising Dividend Achievers ETF by 6.6% during the 1st quarter. LPL Financial LLC now owns 23,374,014 shares of the company’s stock worth $783,029,000 after acquiring an additional 1,438,128 shares during the last quarter. Raymond James Financial Inc. grew its position in First Trust SMID Cap Rising Dividend Achievers ETF by 17.5% during the 1st quarter. Raymond James Financial Inc. now owns 12,496,285 shares of the company’s stock worth $418,626,000 after acquiring an additional 1,860,262 shares during the last quarter. Royal Bank of Canada grew its position in First Trust SMID Cap Rising Dividend Achievers ETF by 5.3% during the 1st quarter. Royal Bank of Canada now owns 5,893,579 shares of the company’s stock worth $197,436,000 after acquiring an additional 294,498 shares during the last quarter. Cetera Investment Advisers grew its position in First Trust SMID Cap Rising Dividend Achievers ETF by 45.1% during the 1st quarter. Cetera Investment Advisers now owns 5,003,154 shares of the company’s stock worth $167,606,000 after acquiring an additional 1,556,017 shares during the last quarter. Finally, Capital Investment Advisors LLC grew its position in First Trust SMID Cap Rising Dividend Achievers ETF by 6.3% during the 1st quarter. Capital Investment Advisors LLC now owns 3,731,491 shares of the company’s stock worth $125,005,000 after acquiring an additional 221,441 shares during the last quarter.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Performance

Shares of SDVY stock opened at $38.65 on Friday. The firm has a market cap of $8.96 billion, a P/E ratio of 14.54 and a beta of 1.18. First Trust SMID Cap Rising Dividend Achievers ETF has a fifty-two week low of $28.84 and a fifty-two week high of $40.60. The business’s 50 day moving average price is $36.89 and its 200-day moving average price is $34.79.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Thursday, June 26th were given a $0.1178 dividend. This represents a $0.47 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Thursday, June 26th.

About First Trust SMID Cap Rising Dividend Achievers 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.