Gladstone Institutional Advisory LLC Buys 12,240 Shares of First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY)

Gladstone Institutional Advisory LLC increased its position in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) by 9.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 141,533 shares of the company’s stock after acquiring an additional 12,240 shares during the quarter. Gladstone Institutional Advisory LLC’s holdings in First Trust SMID Cap Rising Dividend Archievers ETF were worth $5,074,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Farmers & Merchants Investments Inc. purchased a new position in shares of First Trust SMID Cap Rising Dividend Archievers ETF during the 4th quarter valued at $26,000. National Bank of Canada FI purchased a new position in First Trust SMID Cap Rising Dividend Archievers ETF during the third quarter worth about $27,000. Grove Bank & Trust purchased a new position in First Trust SMID Cap Rising Dividend Archievers ETF during the fourth quarter worth about $27,000. Pineridge Advisors LLC increased 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 during the last quarter. Finally, FSC Wealth Advisors LLC purchased a new stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF in the 4th quarter valued at about $29,000.

First Trust SMID Cap Rising Dividend Archievers ETF Price Performance

Shares of SDVY opened at $36.95 on Wednesday. The firm’s 50 day simple moving average is $37.07 and its 200 day simple moving average is $36.57. The company has a market capitalization of $8.23 billion, a P/E ratio of 8.30 and a beta of 1.18. First Trust SMID Cap Rising Dividend Archievers ETF has a 1-year low of $31.50 and a 1-year high of $40.60.

First Trust SMID Cap Rising Dividend Archievers ETF Dividend Announcement

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were given a dividend of $0.1821 per share. The ex-dividend date of this dividend 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.