Modern Wealth Management LLC Makes New $587,000 Investment in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY)

Modern Wealth Management LLC purchased a new stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) during the fourth quarter, Holdings Channel.com reports. The firm purchased 15,902 shares of the company’s stock, valued at approximately $587,000.

Several other hedge funds have also made changes to their positions in SDVY. LPL Financial LLC grew its position in First Trust SMID Cap Rising Dividend Archievers ETF by 22.0% during the 4th quarter. LPL Financial LLC now owns 21,935,886 shares of the company’s stock worth $786,401,000 after purchasing an additional 3,948,772 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of First Trust SMID Cap Rising Dividend Archievers ETF during the fourth quarter valued at $381,301,000. Capital Investment Advisors LLC raised its position in First Trust SMID Cap Rising Dividend Archievers ETF by 8.2% during the fourth quarter. Capital Investment Advisors LLC now owns 3,510,050 shares of the company’s stock valued at $125,835,000 after buying an additional 267,372 shares during the period. Park National Corp OH lifted its stake in First Trust SMID Cap Rising Dividend Archievers ETF by 11.7% in the 4th quarter. Park National Corp OH now owns 2,827,593 shares of the company’s stock worth $101,369,000 after acquiring an additional 296,558 shares in the last quarter. Finally, LVZ Inc. boosted its position in First Trust SMID Cap Rising Dividend Archievers ETF by 0.7% during the 4th quarter. LVZ Inc. now owns 2,726,811 shares of the company’s stock worth $97,756,000 after acquiring an additional 17,661 shares during the period.

First Trust SMID Cap Rising Dividend Archievers ETF Price Performance

Shares of SDVY opened at $34.32 on Thursday. The business’s 50-day moving average is $35.77 and its 200-day moving average is $36.54. The company has a market capitalization of $7.65 billion, a price-to-earnings ratio of 13.44 and a beta of 1.18. First Trust SMID Cap Rising Dividend Archievers ETF has a fifty-two week low of $32.22 and a fifty-two 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.