First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) Hits New 1-Year High – Should You Buy?

First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY)’s stock price hit a new 52-week high during trading on Monday . The stock traded as high as $42.90 and last traded at $42.78, with a volume of 225465 shares. The stock had previously closed at $42.38.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Performance

The firm’s 50-day simple moving average is $41.52 and its 200 day simple moving average is $40.57. The stock has a market capitalization of $11.03 billion, a P/E ratio of 14.54 and a beta of 1.01.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were paid a dividend of $0.0976 per share. The ex-dividend date was Thursday, March 26th. This represents a $0.39 annualized dividend and a dividend yield of 0.9%.

Institutional Investors Weigh In On First Trust SMID Cap Rising Dividend Achievers ETF

Several hedge funds have recently bought and sold shares of SDVY. Focus Partners Wealth lifted its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 41.2% in the 1st quarter. Focus Partners Wealth now owns 43,712 shares of the company’s stock valued at $1,464,000 after purchasing an additional 12,748 shares during the last quarter. Creative Planning lifted its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 31.9% in the 2nd quarter. Creative Planning now owns 9,390 shares of the company’s stock valued at $331,000 after purchasing an additional 2,270 shares during the last quarter. Brown Advisory Inc. lifted its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 4.6% in the 2nd quarter. Brown Advisory Inc. now owns 14,098 shares of the company’s stock valued at $497,000 after purchasing an additional 621 shares during the last quarter. Cerity Partners LLC acquired a new stake in First Trust SMID Cap Rising Dividend Achievers ETF in the 2nd quarter valued at about $1,897,000. Finally, Qube Research & Technologies Ltd lifted its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 189.9% in the 2nd quarter. Qube Research & Technologies Ltd now owns 368,711 shares of the company’s stock valued at $13,008,000 after purchasing an additional 241,547 shares during the last quarter.

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.