PMG Wealth Management Inc. Makes New Investment in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

PMG Wealth Management Inc. purchased a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 70,316 shares of the company’s stock, valued at approximately $2,773,000. First Trust SMID Cap Rising Dividend Achievers ETF makes up 2.0% of PMG Wealth Management Inc.’s portfolio, making the stock its 18th biggest position.

Other institutional investors and hedge funds have also bought and sold shares of the company. LPL Financial LLC boosted its position in First Trust SMID Cap Rising Dividend Achievers ETF by 4.8% during the fourth quarter. LPL Financial LLC now owns 24,892,169 shares of the company’s stock valued at $953,868,000 after purchasing an additional 1,135,800 shares during the last quarter. Morgan Stanley raised its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 0.7% during the 4th quarter. Morgan Stanley now owns 17,946,856 shares of the company’s stock worth $687,724,000 after purchasing an additional 130,885 shares in the last quarter. Raymond James Financial Inc. raised its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 9.8% during the 4th quarter. Raymond James Financial Inc. now owns 14,105,263 shares of the company’s stock worth $540,514,000 after purchasing an additional 1,261,249 shares in the last quarter. Bank of America Corp DE raised its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 8.3% during the 3rd quarter. Bank of America Corp DE now owns 7,982,389 shares of the company’s stock worth $303,486,000 after purchasing an additional 614,123 shares in the last quarter. Finally, Cetera Investment Advisers boosted its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 6.2% in the 4th quarter. Cetera Investment Advisers now owns 7,715,939 shares of the company’s stock valued at $295,675,000 after buying an additional 451,662 shares during the last quarter.

First Trust SMID Cap Rising Dividend Achievers ETF Trading Down 0.3%

NASDAQ:SDVY opened at $42.24 on Wednesday. First Trust SMID Cap Rising Dividend Achievers ETF has a 1-year low of $34.79 and a 1-year high of $42.90. The firm has a fifty day simple moving average of $41.76 and a 200 day simple moving average of $40.77. The stock has a market capitalization of $10.93 billion, a PE ratio of 14.54 and a beta of 1.01.

First Trust SMID Cap Rising Dividend Achievers 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.