Sovran Advisors LLC Invests $386,000 in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY)

Sovran Advisors LLC purchased a new position in shares of First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 10,546 shares of the company’s stock, valued at approximately $386,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Focus Financial Network Inc. lifted its position in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 6.7% during the 4th quarter. Focus Financial Network Inc. now owns 169,554 shares of the company’s stock worth $6,079,000 after buying an additional 10,660 shares in the last quarter. POM Investment Strategies LLC boosted its position in First Trust SMID Cap Rising Dividend Archievers ETF by 1.0% in the fourth quarter. POM Investment Strategies LLC now owns 74,797 shares of the company’s stock worth $2,681,000 after purchasing an additional 716 shares during the last quarter. Pineridge Advisors LLC grew its stake in 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. Elevation Wealth Partners LLC bought a new stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF during the 4th quarter worth $62,000. Finally, Comprehensive Financial Planning Inc. PA bought a new stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF during the 4th quarter worth $379,000.

First Trust SMID Cap Rising Dividend Archievers ETF Stock Performance

SDVY opened at $36.32 on Thursday. First Trust SMID Cap Rising Dividend Archievers ETF has a fifty-two week low of $31.50 and a fifty-two week high of $40.60. The firm has a 50-day moving average of $37.02 and a 200 day moving average of $36.57. The firm has a market cap of $8.09 billion, a P/E ratio of 8.30 and a beta of 1.18.

First Trust SMID Cap Rising Dividend Archievers ETF Dividend Announcement

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were given a dividend of $0.1821 per share. The ex-dividend date was Friday, December 13th.

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.