Parallel Advisors LLC Purchases New Position in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY)

Parallel Advisors LLC acquired a new stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 9,214 shares of the company’s stock, valued at approximately $330,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Creative Financial Designs Inc. ADV raised its holdings in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 51.1% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 67,526 shares of the company’s stock valued at $2,421,000 after purchasing an additional 22,828 shares in the last quarter. Thrivent Financial for Lutherans raised its holdings in First Trust SMID Cap Rising Dividend Archievers ETF by 1.3% during the third quarter. Thrivent Financial for Lutherans now owns 36,550 shares of the company’s stock valued at $1,330,000 after buying an additional 465 shares in the last quarter. Redhawk Wealth Advisors Inc. lifted its position in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 16.4% in the fourth quarter. Redhawk Wealth Advisors Inc. now owns 150,303 shares of the company’s stock worth $5,388,000 after buying an additional 21,199 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 46.8% during the 4th 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 in the last quarter. Finally, Allworth Financial LP increased its holdings in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 28.5% during the 4th quarter. Allworth Financial LP now owns 12,950 shares of the company’s stock valued at $490,000 after acquiring an additional 2,872 shares during the last quarter.

First Trust SMID Cap Rising Dividend Archievers ETF Stock Performance

SDVY opened at $33.60 on Friday. The firm has a market cap of $7.49 billion, a P/E ratio of 13.44 and a beta of 1.18. The business has a 50 day moving average price of $35.90 and a 200 day moving average price of $36.53. First Trust SMID Cap Rising Dividend Archievers ETF has a twelve month low of $32.22 and a twelve month high of $40.60.

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.