Marshall Investment Management LLC Invests $1.60 Million in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Marshall Investment Management LLC purchased a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 42,097 shares of the company’s stock, valued at approximately $1,600,000.

A number of other large investors have also recently added to or reduced their stakes in SDVY. Raymond James Financial Inc. grew its position in First Trust SMID Cap Rising Dividend Achievers ETF by 6.9% in the third quarter. Raymond James Financial Inc. now owns 12,844,014 shares of the company’s stock worth $488,323,000 after acquiring an additional 825,345 shares during the period. Bank of America Corp DE grew its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 8.3% in the third quarter. Bank of America Corp DE now owns 7,982,389 shares of the company’s stock valued at $303,486,000 after buying an additional 614,123 shares in the last quarter. UBS Group AG raised its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 5.4% in the 3rd quarter. UBS Group AG now owns 6,746,792 shares of the company’s stock valued at $256,513,000 after buying an additional 344,834 shares during the period. Capital Investment Advisors LLC raised its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 5.0% in the 3rd quarter. Capital Investment Advisors LLC now owns 4,170,826 shares of the company’s stock valued at $158,573,000 after buying an additional 198,680 shares during the period. Finally, Park National Corp OH lifted its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 1.1% during the 3rd quarter. Park National Corp OH now owns 3,412,175 shares of the company’s stock worth $129,729,000 after acquiring an additional 35,601 shares in the last quarter.

First Trust SMID Cap Rising Dividend Achievers ETF Price Performance

Shares of First Trust SMID Cap Rising Dividend Achievers ETF stock opened at $39.57 on Tuesday. The stock has a market capitalization of $9.92 billion, a price-to-earnings ratio of 14.54 and a beta of 1.12. The business has a 50-day moving average of $41.01 and a 200 day moving average of $39.09. First Trust SMID Cap Rising Dividend Achievers ETF has a 12 month low of $28.84 and a 12 month high of $42.89.

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.