Lifestyle Asset Management Inc. Purchases New Stake in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY)

Lifestyle Asset Management Inc. purchased a new stake 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 firm purchased 148,574 shares of the company’s stock, valued at approximately $5,326,000. First Trust SMID Cap Rising Dividend Archievers ETF comprises about 2.9% of Lifestyle Asset Management Inc.’s investment portfolio, making the stock its 9th biggest position.

Several other hedge funds and other institutional investors have also recently made changes to their positions in SDVY. Secure Asset Management LLC increased its stake in First Trust SMID Cap Rising Dividend Archievers ETF by 264.2% during the fourth quarter. Secure Asset Management LLC now owns 165,981 shares of the company’s stock worth $5,950,000 after acquiring an additional 120,412 shares during the last quarter. Mutual Advisors LLC increased its stake in First Trust SMID Cap Rising Dividend Archievers ETF by 50.1% during the fourth quarter. Mutual Advisors LLC now owns 65,429 shares of the company’s stock worth $2,449,000 after acquiring an additional 21,825 shares during the last quarter. Independent Wealth Network Inc. increased its stake in First Trust SMID Cap Rising Dividend Archievers ETF by 32.5% during the fourth quarter. Independent Wealth Network Inc. now owns 22,483 shares of the company’s stock worth $806,000 after acquiring an additional 5,519 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in First Trust SMID Cap Rising Dividend Archievers ETF by 46.8% during the fourth quarter. Janney Montgomery Scott LLC now owns 713,298 shares of the company’s stock worth $25,572,000 after acquiring an additional 227,413 shares during the last quarter. Finally, Daymark Wealth Partners LLC increased its stake in First Trust SMID Cap Rising Dividend Archievers ETF by 123.4% during the fourth quarter. Daymark Wealth Partners LLC now owns 401,848 shares of the company’s stock worth $14,406,000 after acquiring an additional 221,992 shares during the last quarter.

First Trust SMID Cap Rising Dividend Archievers ETF Stock Up 0.3 %

SDVY stock opened at $37.96 on Friday. The business has a fifty day moving average of $37.55 and a two-hundred day moving average of $36.33. The stock has a market cap of $8.29 billion, a price-to-earnings ratio of 8.30 and a beta of 1.18. First Trust SMID Cap Rising Dividend Archievers ETF has a 52-week low of $31.40 and a 52-week high of $40.60.

First Trust SMID Cap Rising Dividend Archievers ETF Announces Dividend

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