Parallel Advisors LLC Purchases Shares of 9,214 First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY)

Parallel Advisors LLC acquired a new position in shares of First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 9,214 shares of the company’s stock, valued at approximately $330,000.

Several other large investors have also made changes to their positions in the company. Raymond James Financial Inc. purchased a new position in shares of First Trust SMID Cap Rising Dividend Archievers ETF in the 4th quarter worth about $381,301,000. Capital Investment Advisors LLC increased its position in First Trust SMID Cap Rising Dividend Archievers ETF by 8.2% during the 4th quarter. Capital Investment Advisors LLC now owns 3,510,050 shares of the company’s stock worth $125,835,000 after purchasing an additional 267,372 shares in the last quarter. Park National Corp OH raised its holdings in First Trust SMID Cap Rising Dividend Archievers ETF by 11.7% in the fourth quarter. Park National Corp OH now owns 2,827,593 shares of the company’s stock valued at $101,369,000 after buying an additional 296,558 shares during the period. LVZ Inc. lifted its position in First Trust SMID Cap Rising Dividend Archievers ETF by 0.7% during the fourth quarter. LVZ Inc. now owns 2,726,811 shares of the company’s stock valued at $97,756,000 after buying an additional 17,661 shares in the last quarter. Finally, Commonwealth Equity Services LLC grew its stake in First Trust SMID Cap Rising Dividend Archievers ETF by 29.2% during the fourth quarter. Commonwealth Equity Services LLC now owns 2,702,167 shares of the company’s stock worth $96,873,000 after buying an additional 610,079 shares during the period.

First Trust SMID Cap Rising Dividend Archievers ETF Trading Down 0.4 %

Shares of SDVY stock opened at $33.60 on Friday. The company has a market cap of $7.49 billion, a PE ratio of 13.44 and a beta of 1.18. The company’s fifty day simple moving average is $35.90 and its 200-day simple moving average is $36.53. First Trust SMID Cap Rising Dividend Archievers ETF has a 52 week low of $32.22 and a 52 week high of $40.60.

First Trust SMID Cap Rising Dividend Archievers ETF 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.