SSI Investment Management LLC Buys 66,569 Shares of First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY)

SSI Investment Management LLC lifted its stake in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) by 56.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 183,679 shares of the company’s stock after purchasing an additional 66,569 shares during the period. SSI Investment Management LLC owned 0.08% of First Trust SMID Cap Rising Dividend Archievers ETF worth $6,585,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in SDVY. Farmers & Merchants Investments Inc. bought a new position in First Trust SMID Cap Rising Dividend Archievers ETF during the fourth quarter worth about $26,000. National Bank of Canada FI bought a new position in First Trust SMID Cap Rising Dividend Archievers ETF during the third quarter worth about $27,000. Grove Bank & Trust bought a new position in First Trust SMID Cap Rising Dividend Archievers ETF during the fourth quarter worth about $27,000. Pineridge Advisors LLC lifted its holdings in First Trust SMID Cap Rising Dividend Archievers ETF by 138.9% during the fourth quarter. Pineridge Advisors LLC now owns 762 shares of the company’s stock worth $27,000 after acquiring an additional 443 shares in the last quarter. Finally, FSC Wealth Advisors LLC bought a new position in First Trust SMID Cap Rising Dividend Archievers ETF during the fourth quarter worth about $29,000.

First Trust SMID Cap Rising Dividend Archievers ETF Trading Up 0.9 %

SDVY stock opened at $33.59 on Tuesday. The business’s 50-day moving average price is $36.08 and its two-hundred day moving average price is $36.60. The firm has a market cap of $7.49 billion, a PE ratio of 13.44 and a beta of 1.18. First Trust SMID Cap Rising Dividend Archievers ETF has a 1-year low of $32.22 and a 1-year 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.