Kovack Advisors Inc. Has $523,000 Stock Position in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY)

Kovack Advisors Inc. increased its position in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) by 65.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 14,582 shares of the company’s stock after acquiring an additional 5,767 shares during the period. Kovack Advisors Inc.’s holdings in First Trust SMID Cap Rising Dividend Archievers ETF were worth $523,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Provident Wealth Management LLC acquired a new stake in First Trust SMID Cap Rising Dividend Archievers ETF in the fourth quarter worth about $4,716,000. Bank of New York Mellon Corp increased its position in First Trust SMID Cap Rising Dividend Archievers ETF by 15.5% in the fourth quarter. Bank of New York Mellon Corp now owns 7,943 shares of the company’s stock worth $285,000 after purchasing an additional 1,067 shares during the period. Pine Valley Investments Ltd Liability Co increased its position in First Trust SMID Cap Rising Dividend Archievers ETF by 1.3% in the fourth quarter. Pine Valley Investments Ltd Liability Co now owns 390,347 shares of the company’s stock worth $13,994,000 after purchasing an additional 5,106 shares during the period. Prasad Wealth Partners LLC acquired a new stake in First Trust SMID Cap Rising Dividend Archievers ETF in the fourth quarter worth about $201,000. Finally, Rothschild Investment LLC increased its position in First Trust SMID Cap Rising Dividend Archievers ETF by 4,674.0% in the fourth quarter. Rothschild Investment LLC now owns 7,161 shares of the company’s stock worth $257,000 after purchasing an additional 7,011 shares during the period.

First Trust SMID Cap Rising Dividend Archievers ETF Trading Up 0.8 %

First Trust SMID Cap Rising Dividend Archievers ETF stock opened at $35.48 on Friday. The firm has a market capitalization of $7.91 billion, a P/E ratio of 12.91 and a beta of 1.18. First Trust SMID Cap Rising Dividend Archievers ETF has a 1 year low of $32.22 and a 1 year high of $40.60. The business has a 50-day moving average of $36.62 and a 200-day moving average of $36.69.

First Trust SMID Cap Rising Dividend Archievers ETF Dividend Announcement

The business also recently announced 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 was Friday, December 13th.

First Trust SMID Cap Rising Dividend Archievers ETF 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.