Provident Wealth Management LLC Makes New Investment in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY)

Provident Wealth Management LLC purchased a new position in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 131,541 shares of the company’s stock, valued at approximately $4,716,000. First Trust SMID Cap Rising Dividend Archievers ETF accounts for 1.6% of Provident Wealth Management LLC’s portfolio, making the stock its 14th biggest holding. Provident Wealth Management LLC owned about 0.06% of First Trust SMID Cap Rising Dividend Archievers ETF at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. LPL Financial LLC raised its position in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 17.1% during the 3rd quarter. LPL Financial LLC now owns 17,987,114 shares of the company’s stock valued at $654,371,000 after acquiring an additional 2,628,717 shares in the last quarter. Capital Investment Advisors LLC raised its position in shares of 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 valued at $125,835,000 after acquiring an additional 267,372 shares in the last quarter. Park National Corp OH raised its position in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 11.7% during the 4th quarter. Park National Corp OH now owns 2,827,593 shares of the company’s stock valued at $101,369,000 after acquiring an additional 296,558 shares in the last quarter. Truist Financial Corp raised its position in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 7.8% during the 4th quarter. Truist Financial Corp now owns 2,629,953 shares of the company’s stock valued at $94,284,000 after acquiring an additional 190,665 shares in the last quarter. Finally, Stifel Financial Corp raised its position in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 16.3% during 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

SDVY stock opened at $35.57 on Wednesday. The firm has a market cap of $7.93 billion, a P/E ratio of 12.91 and a beta of 1.18. First Trust SMID Cap Rising Dividend Archievers ETF has a 12-month low of $32.22 and a 12-month high of $40.60. The stock’s 50 day simple moving average is $36.63 and its 200 day simple moving average is $36.70.

First Trust SMID Cap Rising Dividend Archievers ETF Dividend Announcement

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were given a dividend of $0.1821 per share. The ex-dividend date was Friday, December 13th.

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.