Precedent Wealth Partners LLC Makes New $4.25 Million Investment in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY)

Precedent Wealth Partners LLC bought a new stake in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 118,624 shares of the company’s stock, valued at approximately $4,253,000. First Trust SMID Cap Rising Dividend Archievers ETF comprises 1.4% of Precedent Wealth Partners LLC’s holdings, making the stock its 17th largest holding.

Other hedge funds have also modified their holdings of the company. National Bank of Canada FI acquired a new position in First Trust SMID Cap Rising Dividend Archievers ETF during the third quarter worth $27,000. Grove Bank & Trust purchased a new position in shares of First Trust SMID Cap Rising Dividend Archievers ETF during the 4th quarter worth $27,000. Icon Wealth Advisors LLC acquired a new position in shares of First Trust SMID Cap Rising Dividend Archievers ETF during the 3rd quarter valued at about $30,000. AlphaMark Advisors LLC purchased a new stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF in the fourth quarter valued at about $31,000. Finally, Global Trust Asset Management LLC purchased a new stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF in the fourth quarter valued at about $52,000.

First Trust SMID Cap Rising Dividend Archievers ETF Price Performance

Shares of SDVY stock opened at $37.80 on Friday. The company has a market capitalization of $8.28 billion, a PE ratio of 8.30 and a beta of 1.18. The firm’s 50-day moving average is $37.53 and its two-hundred day moving average is $36.40. First Trust SMID Cap Rising Dividend Archievers ETF has a 12 month low of $31.40 and a 12 month high of $40.60.

First Trust SMID Cap Rising Dividend Archievers ETF Dividend Announcement

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were given 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.