Luken Investment Analytics LLC Buys Shares of 549,594 FT Vest SMID Rising Dividend Achievers Target Income ETF $SDVD

Luken Investment Analytics LLC purchased a new position in shares of FT Vest SMID Rising Dividend Achievers Target Income ETF (BATS:SDVD) during the 2nd quarter, Holdings Channel reports. The institutional investor purchased 549,594 shares of the company’s stock, valued at approximately $12,690,000. FT Vest SMID Rising Dividend Achievers Target Income ETF comprises about 4.4% of Luken Investment Analytics LLC’s portfolio, making the stock its 7th biggest position.

Other hedge funds have also recently modified their holdings of the company. Wealthspire Retirement LLC purchased a new stake in shares of FT Vest SMID Rising Dividend Achievers Target Income ETF in the 1st quarter worth $13,996,000. Creative Financial Designs Inc. ADV bought a new stake in FT Vest SMID Rising Dividend Achievers Target Income ETF during the fourth quarter valued at about $5,033,000. Cetera Investment Advisers grew its holdings in FT Vest SMID Rising Dividend Achievers Target Income ETF by 38.8% during the first quarter. Cetera Investment Advisers now owns 701,260 shares of the company’s stock valued at $15,217,000 after purchasing an additional 195,971 shares during the period. Royal Bank of Canada increased its position in FT Vest SMID Rising Dividend Achievers Target Income ETF by 22.8% in the first quarter. Royal Bank of Canada now owns 593,903 shares of the company’s stock worth $12,887,000 after buying an additional 110,103 shares in the last quarter. Finally, Kestra Advisory Services LLC raised its stake in shares of FT Vest SMID Rising Dividend Achievers Target Income ETF by 20.5% in the first quarter. Kestra Advisory Services LLC now owns 522,516 shares of the company’s stock worth $11,339,000 after buying an additional 88,903 shares during the period.

FT Vest SMID Rising Dividend Achievers Target Income ETF Stock Down 0.9%

SDVD stock opened at $22.69 on Wednesday. The business’s 50-day moving average price is $23.33 and its 200-day moving average price is $22.80. The stock has a market cap of $558.17 million, a P/E ratio of 14.54 and a beta of 1.09. FT Vest SMID Rising Dividend Achievers Target Income ETF has a twelve month low of $20.55 and a twelve month high of $24.06.

FT Vest SMID Rising Dividend Achievers Target Income ETF Profile

The FT Vest SMID Rising Dividend Achievers Target Income ETF (SDVD) is an exchange-traded fund that mostly invests in extended market equity. The fund is an actively managed fund that seeks to provide a target level of current income and capital appreciation by holding a portfolio of dividend-paying small- and mid-cap companies. The fund also utilizes a naked call writing option strategy on the Russell 2000 Index (RUT) or related ETFs. SDVD was launched on Aug 9, 2023 and is issued by First Trust.