Meridian Wealth Management LLC Buys 30,553 Shares of First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY)

Meridian Wealth Management LLC increased its position in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) by 77.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 69,889 shares of the company’s stock after purchasing an additional 30,553 shares during the period. Meridian Wealth Management LLC’s holdings in First Trust SMID Cap Rising Dividend Archievers ETF were worth $2,506,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in SDVY. LPL Financial LLC increased its stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 17.1% in the 3rd quarter. LPL Financial LLC now owns 17,987,114 shares of the company’s stock worth $654,371,000 after acquiring an additional 2,628,717 shares in the last quarter. Private Advisor Group LLC lifted its position in First Trust SMID Cap Rising Dividend Archievers ETF by 48.3% during the fourth quarter. Private Advisor Group LLC now owns 1,533,825 shares of the company’s stock valued at $54,988,000 after purchasing an additional 499,841 shares in the last quarter. Advance Capital Management Inc. bought a new position in shares of First Trust SMID Cap Rising Dividend Archievers ETF during the 4th quarter valued at approximately $17,603,000. Strategic Financial Concepts LLC bought a new stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF during the 4th quarter valued at $16,814,000. Finally, Blue Chip Partners LLC bought a new stake in First Trust SMID Cap Rising Dividend Archievers ETF during the fourth quarter valued at about $13,720,000.

First Trust SMID Cap Rising Dividend Archievers ETF Stock Performance

SDVY opened at $34.53 on Tuesday. 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. The company has a fifty day moving average of $36.59 and a 200 day moving average of $36.73. The stock has a market capitalization of $7.70 billion, a price-to-earnings ratio of 12.91 and a beta of 1.18.

First Trust SMID Cap Rising Dividend Archievers ETF Announces Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were paid a $0.1821 dividend. 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.