PKS Advisory Services LLC Makes New $1.35 Million Investment in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY)

PKS Advisory Services 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 disclosure with the Securities and Exchange Commission. The institutional investor acquired 37,675 shares of the company’s stock, valued at approximately $1,351,000.

Other large investors have also modified their holdings of the company. Farmers & Merchants Investments Inc. purchased a new position in First Trust SMID Cap Rising Dividend Archievers ETF during the fourth quarter worth approximately $26,000. National Bank of Canada FI purchased a new position in shares of First Trust SMID Cap Rising Dividend Archievers ETF in the 3rd quarter worth about $27,000. Grove Bank & Trust acquired a new position in shares of First Trust SMID Cap Rising Dividend Archievers ETF in the 4th quarter valued at about $27,000. Pineridge Advisors LLC grew its holdings in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 138.9% during the 4th quarter. Pineridge Advisors LLC now owns 762 shares of the company’s stock worth $27,000 after purchasing an additional 443 shares during the period. Finally, FSC Wealth Advisors LLC acquired a new stake in First Trust SMID Cap Rising Dividend Archievers ETF during the 4th quarter worth approximately $29,000.

First Trust SMID Cap Rising Dividend Archievers ETF Stock Up 2.4 %

Shares of SDVY stock opened at $34.42 on Tuesday. First Trust SMID Cap Rising Dividend Archievers ETF has a fifty-two week low of $32.22 and a fifty-two week high of $40.60. The firm’s 50 day moving average price is $35.88 and its two-hundred day moving average price is $36.55. The stock has a market cap of $7.67 billion, a price-to-earnings ratio of 13.44 and a beta of 1.18.

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.