Independent Advisor Alliance Makes New Investment in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY)

Independent Advisor Alliance bought a new position in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 1,414,753 shares of the company’s stock, valued at approximately $50,719,000. First Trust SMID Cap Rising Dividend Archievers ETF accounts for approximately 0.7% of Independent Advisor Alliance’s holdings, making the stock its 21st biggest holding.

Other institutional investors and hedge funds have also modified their holdings of the company. DHK Financial Advisors Inc. lifted its position in First Trust SMID Cap Rising Dividend Archievers ETF by 0.5% during the fourth quarter. DHK Financial Advisors Inc. now owns 58,897 shares of the company’s stock valued at $2,111,000 after purchasing an additional 297 shares in the last quarter. tru Independence LLC lifted its position in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 1.2% in the fourth quarter. tru Independence LLC now owns 31,039 shares of the company’s stock valued at $1,113,000 after acquiring an additional 362 shares in the last quarter. Second Half Financial Partners LLC lifted its position in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 3.9% in the third quarter. Second Half Financial Partners LLC now owns 9,740 shares of the company’s stock valued at $354,000 after acquiring an additional 365 shares in the last quarter. Pineridge Advisors LLC lifted its position in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 138.9% in the fourth quarter. Pineridge Advisors LLC now owns 762 shares of the company’s stock valued at $27,000 after acquiring an additional 443 shares in the last quarter. Finally, Thrivent Financial for Lutherans lifted its position in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 1.3% in the third quarter. Thrivent Financial for Lutherans now owns 36,550 shares of the company’s stock valued at $1,330,000 after acquiring an additional 465 shares in the last quarter.

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

Shares of First Trust SMID Cap Rising Dividend Archievers ETF stock opened at $34.08 on Monday. The stock’s 50-day simple moving average is $36.41 and its 200-day simple moving average is $36.70. First Trust SMID Cap Rising Dividend Archievers ETF has a 52 week low of $32.22 and a 52 week high of $40.60. The company has a market capitalization of $7.59 billion, a price-to-earnings ratio of 12.91 and a beta of 1.18.

First Trust SMID Cap Rising Dividend Archievers ETF Dividend Announcement

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