Ipsen Advisor Group LLC Invests $1.74 Million in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY)

Ipsen Advisor Group LLC acquired 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 13F filing with the SEC. The fund acquired 48,498 shares of the company’s stock, valued at approximately $1,739,000. First Trust SMID Cap Rising Dividend Archievers ETF accounts for 1.5% of Ipsen Advisor Group LLC’s portfolio, making the stock its 16th biggest holding.

Several other hedge funds also recently bought and sold shares of the business. Farmers & Merchants Investments Inc. purchased a new stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF during the fourth quarter valued at $26,000. National Bank of Canada FI bought a new stake in First Trust SMID Cap Rising Dividend Archievers ETF during the 3rd quarter valued at about $27,000. Grove Bank & Trust purchased a new stake in First Trust SMID Cap Rising Dividend Archievers ETF in the 4th quarter valued at about $27,000. Pineridge Advisors LLC grew its stake in First Trust SMID Cap Rising Dividend Archievers ETF by 138.9% in the 4th quarter. Pineridge Advisors LLC now owns 762 shares of the company’s stock worth $27,000 after acquiring an additional 443 shares in the last quarter. Finally, FSC Wealth Advisors LLC purchased a new position in shares of First Trust SMID Cap Rising Dividend Archievers ETF during the fourth quarter worth approximately $29,000.

First Trust SMID Cap Rising Dividend Archievers ETF Stock Performance

Shares of NASDAQ SDVY opened at $34.35 on Wednesday. First Trust SMID Cap Rising Dividend Archievers ETF has a 52-week low of $32.22 and a 52-week high of $40.60. The firm has a market capitalization of $7.65 billion, a price-to-earnings ratio of 13.44 and a beta of 1.18. The stock has a 50 day moving average price of $35.83 and a 200 day moving average price of $36.55.

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.