40,416 Shares in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) Purchased by Grantvest Financial Group LLC

Grantvest Financial Group LLC bought a new position in shares of First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) during the fourth quarter, HoldingsChannel reports. The firm bought 40,416 shares of the company’s stock, valued at approximately $1,449,000. First Trust SMID Cap Rising Dividend Archievers ETF makes up about 1.6% of Grantvest Financial Group LLC’s holdings, making the stock its 14th biggest holding.

Several other hedge funds also recently made changes to their positions in the company. Farmers & Merchants Investments Inc. acquired a new stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF during the 4th quarter valued at approximately $26,000. National Bank of Canada FI acquired a new stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF during the third quarter worth $27,000. Grove Bank & Trust bought a new position in shares of First Trust SMID Cap Rising Dividend Archievers ETF in the 4th quarter worth about $27,000. Pineridge Advisors LLC boosted its holdings 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 buying an additional 443 shares during the period. Finally, FSC Wealth Advisors LLC bought a new stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF during the 4th quarter valued at about $29,000.

First Trust SMID Cap Rising Dividend Archievers ETF Stock Down 0.4 %

Shares of SDVY stock opened at $33.60 on Monday. The company has a market cap of $7.49 billion, a P/E ratio of 13.44 and a beta of 1.18. The business has a 50 day moving average of $35.90 and a two-hundred day moving average of $36.55. First Trust SMID Cap Rising Dividend Archievers ETF has a 52 week low of $32.22 and a 52 week high of $40.60.

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.