SSI Investment Management LLC Has $6.59 Million Stake in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY)

SSI Investment Management LLC raised its position in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) by 56.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 183,679 shares of the company’s stock after purchasing an additional 66,569 shares during the quarter. SSI Investment Management LLC’s holdings in First Trust SMID Cap Rising Dividend Archievers ETF were worth $6,585,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Farmers & Merchants Investments Inc. acquired a new stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF in the 4th quarter valued at about $26,000. National Bank of Canada FI acquired a new stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF in the 3rd quarter valued at about $27,000. Grove Bank & Trust acquired a new stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF in the 4th quarter valued at about $27,000. Pineridge Advisors LLC raised its stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 138.9% in the 4th quarter. Pineridge Advisors LLC now owns 762 shares of the company’s stock valued at $27,000 after purchasing an additional 443 shares during the period. Finally, FSC Wealth Advisors LLC acquired a new stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF in the fourth quarter valued at about $29,000.

First Trust SMID Cap Rising Dividend Archievers ETF Stock Performance

NASDAQ:SDVY opened at $33.59 on Tuesday. The stock’s 50-day simple moving average is $36.08 and its 200 day simple moving average is $36.60. The company has a market cap of $7.49 billion, a P/E ratio of 13.44 and a beta of 1.18. First Trust SMID Cap Rising Dividend Archievers ETF has a 52-week low of $32.22 and a 52-week high of $40.60.

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.