Hickory Asset Management Inc. Makes New Investment in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY)

Hickory Asset Management Inc. acquired a new position in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 60,102 shares of the company’s stock, valued at approximately $2,155,000. First Trust SMID Cap Rising Dividend Archievers ETF makes up about 1.8% of Hickory Asset Management Inc.’s investment portfolio, making the stock its 15th largest holding.

A number of other institutional investors have also added to or reduced their stakes in the company. LPL Financial LLC grew its position in First Trust SMID Cap Rising Dividend Archievers ETF by 17.1% in the 3rd quarter. LPL Financial LLC now owns 17,987,114 shares of the company’s stock worth $654,371,000 after purchasing an additional 2,628,717 shares in the last quarter. Raymond James & Associates grew its position in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 18.8% during the 3rd quarter. Raymond James & Associates now owns 4,234,856 shares of the company’s stock valued at $154,064,000 after acquiring an additional 669,172 shares during the period. Capital Investment Advisors LLC grew its position in shares of 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 acquiring an additional 267,372 shares during the period. Park National Corp OH grew its position in shares of 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 valued at $101,369,000 after acquiring an additional 296,558 shares during the period. Finally, Stifel Financial Corp boosted its holdings in First Trust SMID Cap Rising Dividend Archievers ETF by 16.3% in the 3rd quarter. Stifel Financial Corp now owns 2,485,251 shares of the company’s stock worth $90,415,000 after buying an additional 347,799 shares during the period.

First Trust SMID Cap Rising Dividend Archievers ETF Trading Up 1.0 %

SDVY opened at $36.99 on Friday. The company has a 50 day moving average of $36.91 and a 200 day moving average of $36.57. The company has a market cap of $8.24 billion, a PE ratio of 8.30 and a beta of 1.18. First Trust SMID Cap Rising Dividend Archievers ETF has a 12 month low of $32.05 and a 12 month high of $40.60.

First Trust SMID Cap Rising Dividend Archievers ETF Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were issued a $0.1821 dividend. The ex-dividend date was Friday, December 13th.

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.