Provident Wealth Management LLC Makes New $4.72 Million Investment in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY)

Provident Wealth Management LLC bought a new position in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 131,541 shares of the company’s stock, valued at approximately $4,716,000. First Trust SMID Cap Rising Dividend Archievers ETF accounts for approximately 1.6% of Provident Wealth Management LLC’s holdings, making the stock its 14th largest position.

Several other large investors have also recently added to or reduced their stakes in SDVY. Farmers & Merchants Investments Inc. acquired a new position in shares of First Trust SMID Cap Rising Dividend Archievers ETF during the fourth quarter valued at $26,000. National Bank of Canada FI acquired a new position in shares of First Trust SMID Cap Rising Dividend Archievers ETF during the third quarter valued at $27,000. Grove Bank & Trust acquired a new position in shares of First Trust SMID Cap Rising Dividend Archievers ETF during the fourth quarter valued at $27,000. Pineridge Advisors LLC increased its holdings in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 138.9% during the fourth quarter. Pineridge Advisors LLC now owns 762 shares of the company’s stock valued at $27,000 after purchasing an additional 443 shares during the period. Finally, FSC Wealth Advisors LLC acquired a new position in shares of First Trust SMID Cap Rising Dividend Archievers ETF during the fourth quarter valued at $29,000.

First Trust SMID Cap Rising Dividend Archievers ETF Stock Performance

Shares of SDVY opened at $35.57 on Wednesday. The stock’s fifty day moving average is $36.63 and its 200-day moving average is $36.70. First Trust SMID Cap Rising Dividend Archievers ETF has a one year low of $32.22 and a one year high of $40.60. The firm has a market capitalization of $7.93 billion, a price-to-earnings ratio of 12.91 and a beta of 1.18.

First Trust SMID Cap Rising Dividend Archievers ETF Announces Dividend

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were paid 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.