MTM Investment Management LLC Acquires 29,250 Shares of FT Vest SMID Rising Dividend Ac $SDVD

MTM Investment Management LLC boosted its stake in shares of FT Vest SMID Rising Dividend Ac (NYSEARCA:SDVD) by 44.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 94,705 shares of the company’s stock after acquiring an additional 29,250 shares during the quarter. MTM Investment Management LLC’s holdings in FT Vest SMID Rising Dividend Ac were worth $2,048,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Janney Montgomery Scott LLC lifted its stake in shares of FT Vest SMID Rising Dividend Ac by 5.5% in the 2nd quarter. Janney Montgomery Scott LLC now owns 129,019 shares of the company’s stock valued at $2,646,000 after purchasing an additional 6,701 shares during the last quarter. IFP Advisors Inc raised its holdings in FT Vest SMID Rising Dividend Ac by 13.3% during the 2nd quarter. IFP Advisors Inc now owns 77,438 shares of the company’s stock valued at $1,588,000 after buying an additional 9,081 shares during the period. Nations Financial Group Inc. IA ADV raised its holdings in FT Vest SMID Rising Dividend Ac by 17.6% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 30,482 shares of the company’s stock valued at $659,000 after buying an additional 4,563 shares during the period. Finally, Farther Finance Advisors LLC bought a new stake in FT Vest SMID Rising Dividend Ac in the third quarter worth $59,000.

FT Vest SMID Rising Dividend Ac Stock Up 0.9%

NYSEARCA SDVD opened at $22.44 on Friday. FT Vest SMID Rising Dividend Ac has a 52 week low of $17.31 and a 52 week high of $22.76. The firm has a market capitalization of $788.77 million, a price-to-earnings ratio of 13.85 and a beta of 1.16. The company has a fifty day moving average of $21.90 and a two-hundred day moving average of $21.51.

FT Vest SMID Rising Dividend Ac Profile

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.