LFA Lugano Financial Advisors SA Acquires New Position in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY)

LFA Lugano Financial Advisors SA acquired a new stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 190,046 shares of the company’s stock, valued at approximately $6,813,000. First Trust SMID Cap Rising Dividend Archievers ETF makes up about 4.5% of LFA Lugano Financial Advisors SA’s holdings, making the stock its 2nd biggest holding. LFA Lugano Financial Advisors SA owned about 0.09% of First Trust SMID Cap Rising Dividend Archievers ETF at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. LPL Financial LLC raised its stake in First Trust SMID Cap Rising Dividend Archievers ETF by 17.1% during the third quarter. LPL Financial LLC now owns 17,987,114 shares of the company’s stock worth $654,371,000 after acquiring an additional 2,628,717 shares during the period. Raymond James Financial Inc. bought a new stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF in the 4th quarter worth approximately $381,301,000. Capital Investment Advisors LLC boosted its position in First Trust SMID Cap Rising Dividend Archievers ETF by 8.2% during the 4th quarter. Capital Investment Advisors LLC now owns 3,510,050 shares of the company’s stock valued at $125,835,000 after purchasing an additional 267,372 shares during the period. Park National Corp OH grew its stake in First Trust SMID Cap Rising Dividend Archievers ETF by 11.7% during the 4th quarter. Park National Corp OH now owns 2,827,593 shares of the company’s stock worth $101,369,000 after buying an additional 296,558 shares during the last quarter. Finally, LVZ Inc. increased its position in First Trust SMID Cap Rising Dividend Archievers ETF by 0.7% in the fourth quarter. LVZ Inc. now owns 2,726,811 shares of the company’s stock worth $97,756,000 after buying an additional 17,661 shares during the period.

First Trust SMID Cap Rising Dividend Archievers ETF Stock Performance

Shares of SDVY opened at $33.02 on Thursday. 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 firm has a fifty day moving average of $36.26 and a 200-day moving average of $36.65. The company has a market cap of $7.76 billion, a price-to-earnings ratio of 13.44 and a beta of 1.21.

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.