Blue Chip Partners LLC purchased a new position in shares of First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY – Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 382,712 shares of the company’s stock, valued at approximately $13,720,000.
Several other institutional investors and hedge funds have also recently bought and sold shares of SDVY. LPL Financial LLC boosted 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 buying an additional 2,628,717 shares during the period. Raymond James & Associates raised its position in First Trust SMID Cap Rising Dividend Archievers ETF by 18.8% in the third quarter. Raymond James & Associates now owns 4,234,856 shares of the company’s stock valued at $154,064,000 after purchasing an additional 669,172 shares during the period. Advance Capital Management Inc. purchased a new stake in First Trust SMID Cap Rising Dividend Archievers ETF in the fourth quarter valued at approximately $17,603,000. Strategic Financial Concepts LLC acquired a new stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF in the fourth quarter valued at $16,814,000. Finally, Stifel Financial Corp grew its position in First Trust SMID Cap Rising Dividend Archievers ETF by 16.3% in the 3rd quarter. Stifel Financial Corp now owns 2,485,251 shares of the company’s stock valued at $90,415,000 after acquiring an additional 347,799 shares in the last quarter.
First Trust SMID Cap Rising Dividend Archievers ETF Stock Performance
Shares of SDVY stock opened at $36.99 on Monday. The stock has a market capitalization of $8.24 billion, a P/E ratio of 8.30 and a beta of 1.18. First Trust SMID Cap Rising Dividend Archievers ETF has a fifty-two week low of $32.05 and a fifty-two week high of $40.60. The company has a 50 day moving average price of $36.87 and a 200 day moving average price of $36.58.
First Trust SMID Cap Rising Dividend Archievers ETF Announces Dividend
About First Trust SMID Cap Rising Dividend Archievers 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.
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