Kovack Advisors Inc. Acquires 5,767 Shares of First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY)

Kovack Advisors Inc. boosted its holdings in shares of First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) by 65.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 14,582 shares of the company’s stock after acquiring an additional 5,767 shares during the quarter. Kovack Advisors Inc.’s holdings in First Trust SMID Cap Rising Dividend Archievers ETF were worth $523,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. LPL Financial LLC raised its position in First Trust SMID Cap Rising Dividend Archievers ETF by 17.1% during the third quarter. LPL Financial LLC now owns 17,987,114 shares of the company’s stock valued at $654,371,000 after acquiring an additional 2,628,717 shares in the last quarter. Capital Investment Advisors LLC grew its holdings in First Trust SMID Cap Rising Dividend Archievers ETF by 8.2% during the fourth quarter. Capital Investment Advisors LLC now owns 3,510,050 shares of the company’s stock valued at $125,835,000 after purchasing an additional 267,372 shares during the last quarter. Park National Corp OH grew its holdings in First Trust SMID Cap Rising Dividend Archievers ETF by 11.7% during the fourth quarter. Park National Corp OH now owns 2,827,593 shares of the company’s stock valued at $101,369,000 after purchasing an additional 296,558 shares during the last quarter. Truist Financial Corp grew its holdings in First Trust SMID Cap Rising Dividend Archievers ETF by 7.8% during the fourth quarter. Truist Financial Corp now owns 2,629,953 shares of the company’s stock valued at $94,284,000 after purchasing an additional 190,665 shares during the last quarter. Finally, Stifel Financial Corp grew its holdings in First Trust SMID Cap Rising Dividend Archievers ETF by 16.3% during the third quarter. Stifel Financial Corp now owns 2,485,251 shares of the company’s stock valued at $90,415,000 after purchasing an additional 347,799 shares during the last quarter.

First Trust SMID Cap Rising Dividend Archievers ETF Stock Up 0.8 %

Shares of SDVY stock opened at $35.48 on Friday. First Trust SMID Cap Rising Dividend Archievers ETF has a 12 month low of $32.22 and a 12 month high of $40.60. The business’s 50 day moving average is $36.62 and its two-hundred day moving average is $36.69. The company has a market cap of $7.91 billion, a PE ratio of 12.91 and a beta of 1.18.

First Trust SMID Cap Rising Dividend Archievers ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were issued 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.