PMG Wealth Management Inc. Takes $2.77 Million Position in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

PMG Wealth Management Inc. bought a new stake in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 70,316 shares of the company’s stock, valued at approximately $2,773,000. First Trust SMID Cap Rising Dividend Achievers ETF comprises 2.0% of PMG Wealth Management Inc.’s investment portfolio, making the stock its 18th largest position.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Eagle Bay Advisors LLC acquired a new position in First Trust SMID Cap Rising Dividend Achievers ETF during the fourth quarter worth approximately $25,000. Oakworth Capital Inc. acquired a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the fourth quarter valued at approximately $25,000. Trust Co. of Vermont acquired a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the fourth quarter valued at approximately $27,000. Smartleaf Asset Management LLC bought a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the 4th quarter worth approximately $28,000. Finally, EQ Wealth Advisors LLC bought a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the 4th quarter worth approximately $30,000.

First Trust SMID Cap Rising Dividend Achievers ETF Trading Down 0.3%

SDVY stock opened at $42.24 on Wednesday. The firm has a market capitalization of $10.93 billion, a PE ratio of 14.54 and a beta of 1.01. First Trust SMID Cap Rising Dividend Achievers ETF has a 1-year low of $34.79 and a 1-year high of $42.90. The business’s 50 day simple moving average is $41.76 and its 200 day simple moving average is $40.77.

First Trust SMID Cap Rising Dividend Achievers 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.