Envestnet Portfolio Solutions Inc. Boosts Stake in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY)

Envestnet Portfolio Solutions Inc. raised its position in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) by 22.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 62,094 shares of the company’s stock after buying an additional 11,280 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in First Trust SMID Cap Rising Dividend Archievers ETF were worth $2,226,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in 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 in the last quarter. Finally, FSC Wealth Advisors LLC acquired a new stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF in the 4th quarter valued at about $29,000.

First Trust SMID Cap Rising Dividend Archievers ETF Stock Performance

Shares of First Trust SMID Cap Rising Dividend Archievers ETF stock opened at $33.74 on Friday. The firm has a market cap of $7.52 billion, a PE ratio of 13.44 and a beta of 1.18. The firm’s 50-day simple moving average is $35.94 and its 200-day simple moving average is $36.55. First Trust SMID Cap Rising Dividend Archievers ETF has a 1 year low of $32.22 and a 1 year high of $40.60.

First Trust SMID Cap Rising Dividend Archievers ETF Company 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.