RFG Advisory LLC Buys 40,647 Shares of First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

RFG Advisory LLC boosted its position in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 15.7% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 300,293 shares of the company’s stock after purchasing an additional 40,647 shares during the quarter. RFG Advisory LLC’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $11,841,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Capital Advantage Inc. grew its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 40.5% during the 4th quarter. Capital Advantage Inc. now owns 77,232 shares of the company’s stock worth $2,960,000 after buying an additional 22,276 shares during the last quarter. Econ Financial Services Corp raised its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 26.1% in the fourth quarter. Econ Financial Services Corp now owns 179,719 shares of the company’s stock valued at $6,887,000 after buying an additional 37,184 shares during the last quarter. Pinnacle Associates Ltd. boosted its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 39.8% in the third quarter. Pinnacle Associates Ltd. now owns 233,252 shares of the company’s stock worth $8,868,000 after acquiring an additional 66,370 shares in the last quarter. CWM LLC boosted its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 7.4% in the fourth quarter. CWM LLC now owns 448,472 shares of the company’s stock worth $17,185,000 after acquiring an additional 30,845 shares in the last quarter. Finally, Arvest Investments Inc. grew its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 10.7% during the fourth quarter. Arvest Investments Inc. now owns 263,558 shares of the company’s stock worth $10,100,000 after acquiring an additional 25,490 shares during the last quarter.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Up 1.1%

SDVY opened at $42.70 on Thursday. First Trust SMID Cap Rising Dividend Achievers ETF has a 52-week low of $34.79 and a 52-week high of $43.01. The company has a market cap of $11.05 billion, a P/E ratio of 14.54 and a beta of 1.01. The firm’s 50-day moving average price is $41.78 and its 200-day moving average price is $40.80.

About First Trust SMID Cap Rising Dividend Achievers 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.