IMG Wealth Management Inc. Makes New $3.70 Million Investment in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY)

IMG Wealth Management Inc. purchased a new stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 103,227 shares of the company’s stock, valued at approximately $3,701,000. First Trust SMID Cap Rising Dividend Archievers ETF comprises about 3.4% of IMG Wealth Management Inc.’s portfolio, making the stock its 11th largest position.

A number of other hedge funds also recently modified their holdings of the business. Farmers & Merchants Investments Inc. acquired a new stake in First Trust SMID Cap Rising Dividend Archievers ETF during the 4th quarter valued at approximately $26,000. National Bank of Canada FI bought a new stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF in the 3rd quarter valued at $27,000. Grove Bank & Trust acquired a new stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF during the fourth quarter worth $27,000. Pineridge Advisors LLC raised its stake in 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 worth $27,000 after buying an additional 443 shares during the last quarter. Finally, FSC Wealth Advisors LLC acquired a new stake in First Trust SMID Cap Rising Dividend Archievers ETF during the 4th quarter worth about $29,000.

First Trust SMID Cap Rising Dividend Archievers ETF Price Performance

SDVY stock opened at $33.30 on Friday. The company’s 50-day moving average is $36.14 and its 200-day moving average is $36.61. First Trust SMID Cap Rising Dividend Archievers ETF has a 1 year low of $32.22 and a 1 year high of $40.60. The stock has a market capitalization of $7.42 billion, a PE ratio of 13.44 and a beta of 1.18.

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.