Independent Financial Group LLC Buys Shares of 55,075 FT Vest SMID Rising Dividend Achievers Target Income ETF $SDVD

Independent Financial Group LLC purchased a new position in shares of FT Vest SMID Rising Dividend Achievers Target Income ETF (BATS:SDVD) during the 1st quarter, Holdings Channel reports. The institutional investor purchased 55,075 shares of the company’s stock, valued at approximately $1,195,000.

Other hedge funds have also recently modified their holdings of the company. Stephens Inc. AR grew its position in shares of FT Vest SMID Rising Dividend Achievers Target Income ETF by 1.7% during the 1st quarter. Stephens Inc. AR now owns 660,624 shares of the company’s stock valued at $14,336,000 after acquiring an additional 11,265 shares during the period. Kestra Advisory Services LLC raised its holdings in FT Vest SMID Rising Dividend Achievers Target Income ETF by 20.5% in the 1st quarter. Kestra Advisory Services LLC now owns 522,516 shares of the company’s stock worth $11,339,000 after purchasing an additional 88,903 shares during the period. Creative Financial Designs Inc. ADV purchased a new position in FT Vest SMID Rising Dividend Achievers Target Income ETF during the fourth quarter valued at $5,033,000. Janney Montgomery Scott LLC lifted its position in FT Vest SMID Rising Dividend Achievers Target Income ETF by 5.6% during the fourth quarter. Janney Montgomery Scott LLC now owns 175,502 shares of the company’s stock valued at $3,766,000 after purchasing an additional 9,318 shares in the last quarter. Finally, MTM Investment Management LLC grew its holdings in FT Vest SMID Rising Dividend Achievers Target Income ETF by 3.2% during the fourth quarter. MTM Investment Management LLC now owns 97,705 shares of the company’s stock valued at $2,097,000 after purchasing an additional 3,000 shares during the period.

FT Vest SMID Rising Dividend Achievers Target Income ETF Stock Performance

BATS:SDVD opened at $23.14 on Tuesday. The stock has a 50-day simple moving average of $22.69 and a two-hundred day simple moving average of $22.57. The firm has a market capitalization of $569.24 million, a PE ratio of 14.54 and a beta of 1.09. FT Vest SMID Rising Dividend Achievers Target Income ETF has a 52-week low of $20.23 and a 52-week high of $23.65.

About FT Vest SMID Rising Dividend Achievers Target Income ETF

The FT Vest SMID Rising Dividend Achievers Target Income ETF (SDVD) is an exchange-traded fund that mostly invests in extended market equity. The fund is an actively managed fund that seeks to provide a target level of current income and capital appreciation by holding a portfolio of dividend-paying small- and mid-cap companies. The fund also utilizes a naked call writing option strategy on the Russell 2000 Index (RUT) or related ETFs. SDVD was launched on Aug 9, 2023 and is issued by First Trust.