Independent Advisor Alliance Takes $269,000 Position in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY)

Independent Advisor Alliance purchased a new stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 8,212 shares of the company’s stock, valued at approximately $269,000.

Other large investors have also recently modified their holdings of the company. Elevated Capital Advisors LLC raised its holdings in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 1.8% during the 4th quarter. Elevated Capital Advisors LLC now owns 18,756 shares of the company’s stock valued at $615,000 after buying an additional 323 shares in the last quarter. Harbor Investment Advisory LLC increased its stake in First Trust SMID Cap Rising Dividend Archievers ETF by 123.0% in the 4th quarter. Harbor Investment Advisory LLC now owns 970 shares of the company’s stock worth $32,000 after purchasing an additional 535 shares during the period. Avidian Wealth Solutions LLC increased its stake in First Trust SMID Cap Rising Dividend Archievers ETF by 4.8% in the 4th quarter. Avidian Wealth Solutions LLC now owns 15,866 shares of the company’s stock worth $520,000 after purchasing an additional 722 shares during the period. Lincoln National Corp increased its stake in First Trust SMID Cap Rising Dividend Archievers ETF by 7.3% in the 3rd quarter. Lincoln National Corp now owns 12,746 shares of the company’s stock worth $360,000 after purchasing an additional 868 shares during the period. Finally, B. Riley Wealth Advisors Inc. increased its stake in First Trust SMID Cap Rising Dividend Archievers ETF by 4.9% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 19,338 shares of the company’s stock worth $546,000 after purchasing an additional 903 shares during the period.

First Trust SMID Cap Rising Dividend Archievers ETF Stock Performance

SDVY opened at $34.31 on Thursday. First Trust SMID Cap Rising Dividend Archievers ETF has a 52-week low of $25.36 and a 52-week high of $34.97. The stock has a market capitalization of $4.17 billion, a PE ratio of 8.30 and a beta of 1.18. The stock’s 50 day moving average price is $33.81 and its 200-day moving average price is $32.31.

First Trust SMID Cap Rising Dividend Archievers ETF Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 22nd were given a dividend of $0.1032 per share. The ex-dividend date was Thursday, March 21st. This represents a $0.41 annualized dividend and a dividend yield of 1.20%.

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.