Focus Financial Network Inc. Raises Stake in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Focus Financial Network Inc. lifted its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 4.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 395,841 shares of the company’s stock after purchasing an additional 18,637 shares during the quarter. Focus Financial Network Inc. owned about 0.16% of First Trust SMID Cap Rising Dividend Achievers ETF worth $15,169,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Raymond James Financial Inc. boosted its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 6.9% during the third quarter. Raymond James Financial Inc. now owns 12,844,014 shares of the company’s stock worth $488,323,000 after buying an additional 825,345 shares in the last quarter. Bank of America Corp DE increased its holdings in 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. HighTower Advisors LLC increased its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 20.3% in the third quarter. HighTower Advisors LLC now owns 3,127,052 shares of the company’s stock valued at $118,890,000 after buying an additional 528,572 shares in the last quarter. Commonwealth Equity Services LLC lifted its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 17.1% during the 3rd quarter. Commonwealth Equity Services LLC now owns 3,384,431 shares of the company’s stock valued at $128,674,000 after acquiring an additional 494,306 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 29.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,939,333 shares of the company’s stock valued at $68,420,000 after acquiring an additional 445,817 shares during the period.

First Trust SMID Cap Rising Dividend Achievers ETF Price Performance

Shares of NASDAQ:SDVY opened at $39.69 on Wednesday. The firm has a market capitalization of $9.95 billion, a price-to-earnings ratio of 14.54 and a beta of 1.12. The business’s 50 day simple moving average is $40.94 and its 200-day simple moving average is $39.14. First Trust SMID Cap Rising Dividend Achievers ETF has a 12 month low of $28.84 and a 12 month high of $42.89.

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.