Brookstone Capital Management Has $4.39 Million Position in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Brookstone Capital Management boosted its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 18.9% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 111,235 shares of the company’s stock after purchasing an additional 17,660 shares during the quarter. Brookstone Capital Management’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $4,386,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Raymond James Financial Inc. raised its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 9.8% in the fourth quarter. Raymond James Financial Inc. now owns 14,105,263 shares of the company’s stock valued at $540,514,000 after purchasing an additional 1,261,249 shares during the period. LPL Financial LLC boosted its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 4.8% during the 4th quarter. LPL Financial LLC now owns 24,892,169 shares of the company’s stock worth $953,868,000 after buying an additional 1,135,800 shares during the period. Axxcess Wealth Management LLC boosted its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 4,508.1% during the 4th quarter. Axxcess Wealth Management LLC now owns 806,331 shares of the company’s stock worth $30,899,000 after buying an additional 788,833 shares during the period. Bank of America Corp DE grew its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 8.3% in the 3rd 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 during the last quarter. Finally, JSF Financial LLC acquired a new position in First Trust SMID Cap Rising Dividend Achievers ETF in the 4th quarter valued at $22,029,000.

First Trust SMID Cap Rising Dividend Achievers ETF Price Performance

Shares of SDVY opened at $42.24 on Wednesday. The company 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 has a one year low of $34.79 and a one year high of $42.90. The company’s fifty day moving average price is $41.76 and its 200 day moving average price is $40.77.

About First Trust SMID Cap Rising Dividend Achievers 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.