Spectrum Wealth Advisory Group LLC Makes New Investment in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY)

Spectrum Wealth Advisory Group LLC bought a new position in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 25,260 shares of the company’s stock, valued at approximately $906,000. First Trust SMID Cap Rising Dividend Archievers ETF makes up about 0.4% of Spectrum Wealth Advisory Group LLC’s holdings, making the stock its 25th biggest position.

Several other hedge funds and other institutional investors have also bought and sold shares of SDVY. LPL Financial LLC boosted its stake in First Trust SMID Cap Rising Dividend Archievers ETF by 17.1% in the third quarter. LPL Financial LLC now owns 17,987,114 shares of the company’s stock worth $654,371,000 after buying an additional 2,628,717 shares in the last quarter. Raymond James & Associates lifted its position in First Trust SMID Cap Rising Dividend Archievers ETF by 18.8% in the third quarter. Raymond James & Associates now owns 4,234,856 shares of the company’s stock valued at $154,064,000 after purchasing an additional 669,172 shares during the last quarter. Advance Capital Management Inc. bought a new stake in First Trust SMID Cap Rising Dividend Archievers ETF in the fourth quarter valued at approximately $17,603,000. Strategic Financial Concepts LLC bought a new stake in First Trust SMID Cap Rising Dividend Archievers ETF in the fourth quarter valued at approximately $16,814,000. Finally, Stifel Financial Corp lifted its position in First Trust SMID Cap Rising Dividend Archievers ETF by 16.3% in 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 Performance

Shares of SDVY stock opened at $36.99 on Friday. First Trust SMID Cap Rising Dividend Archievers ETF has a fifty-two week low of $32.05 and a fifty-two week high of $40.60. The stock has a 50 day moving average price of $36.87 and a two-hundred day moving average price of $36.58. The company has a market capitalization of $8.24 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 disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were given a $0.1821 dividend. The ex-dividend date was Friday, December 13th.

First Trust SMID Cap Rising Dividend Archievers 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.