Pitti Group Wealth Management LLC Increases Position in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY)

Pitti Group Wealth Management LLC grew its holdings in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) by 70.9% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 13,510 shares of the company’s stock after buying an additional 5,605 shares during the period. Pitti Group Wealth Management LLC’s holdings in First Trust SMID Cap Rising Dividend Archievers ETF were worth $484,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Parallel Advisors LLC purchased a new stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF in the fourth quarter valued at about $330,000. Arbor Capital Management Inc. ADV increased its stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 22.1% during the fourth quarter. Arbor Capital Management Inc. ADV now owns 9,815 shares of the company’s stock worth $370,000 after acquiring an additional 1,777 shares during the period. Creative Financial Designs Inc. ADV increased its stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 51.1% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 67,526 shares of the company’s stock worth $2,421,000 after acquiring an additional 22,828 shares during the period. IMG Wealth Management Inc. acquired a new position in shares of First Trust SMID Cap Rising Dividend Archievers ETF during the fourth quarter worth about $3,701,000. Finally, Collaborative Wealth Managment Inc. increased its stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 17.3% during the fourth quarter. Collaborative Wealth Managment Inc. now owns 19,135 shares of the company’s stock worth $686,000 after acquiring an additional 2,829 shares during the period.

First Trust SMID Cap Rising Dividend Archievers ETF Stock Up 2.5 %

Shares of First Trust SMID Cap Rising Dividend Archievers ETF stock opened at $33.30 on Monday. First Trust SMID Cap Rising Dividend Archievers ETF has a 52-week low of $32.22 and a 52-week high of $40.60. The company’s 50-day simple moving average is $36.14 and its 200-day simple moving average is $36.62. The firm has a market cap of $7.42 billion, a price-to-earnings ratio of 13.44 and a beta of 1.18.

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.