103,227 Shares in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) Purchased by IMG Wealth Management Inc.

IMG Wealth Management Inc. 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 fund purchased 103,227 shares of the company’s stock, valued at approximately $3,701,000. First Trust SMID Cap Rising Dividend Archievers ETF comprises 3.4% of IMG Wealth Management Inc.’s investment portfolio, making the stock its 11th largest position.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SDVY. Collaborative Wealth Managment Inc. grew its stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 17.3% in the 4th quarter. Collaborative Wealth Managment Inc. now owns 19,135 shares of the company’s stock worth $686,000 after acquiring an additional 2,829 shares in the last quarter. Harbour Investments Inc. boosted its holdings in First Trust SMID Cap Rising Dividend Archievers ETF by 20.4% during the fourth quarter. Harbour Investments Inc. now owns 601,110 shares of the company’s stock worth $21,550,000 after purchasing an additional 102,004 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its position in First Trust SMID Cap Rising Dividend Archievers ETF by 22.2% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 62,094 shares of the company’s stock worth $2,226,000 after purchasing an additional 11,280 shares in the last quarter. Kestra Advisory Services LLC increased its stake in First Trust SMID Cap Rising Dividend Archievers ETF by 10.2% in the 4th quarter. Kestra Advisory Services LLC now owns 1,064,652 shares of the company’s stock valued at $38,168,000 after buying an additional 98,942 shares during the last quarter. Finally, JPL Wealth Management LLC bought a new position in shares of First Trust SMID Cap Rising Dividend Archievers ETF during the 4th quarter worth approximately $4,584,000.

First Trust SMID Cap Rising Dividend Archievers ETF Stock Up 2.5 %

SDVY stock opened at $33.30 on Friday. The firm has a market cap of $7.42 billion, a PE ratio of 13.44 and a beta of 1.18. The business has a 50 day moving average of $36.14 and a 200-day moving average of $36.61. First Trust SMID Cap Rising Dividend Archievers ETF has a 12-month low of $32.22 and a 12-month high of $40.60.

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.