First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) Reaches New 1-Year High – Here’s What Happened

First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $42.95 and last traded at $42.92, with a volume of 433000 shares changing hands. The stock had previously closed at $42.24.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Performance

The company has a market cap of $11.08 billion, a P/E ratio of 14.54 and a beta of 1.01. The stock has a 50-day simple moving average of $41.76 and a 200 day simple moving average of $40.77.

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

Institutional investors and hedge funds have recently bought and sold shares of the business. Capital Advantage Inc. boosted its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 40.5% in the fourth quarter. Capital Advantage Inc. now owns 77,232 shares of the company’s stock valued at $2,960,000 after acquiring an additional 22,276 shares during the last quarter. Econ Financial Services Corp raised its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 26.1% during the 4th quarter. Econ Financial Services Corp now owns 179,719 shares of the company’s stock valued at $6,887,000 after acquiring an additional 37,184 shares during the last quarter. Pinnacle Associates Ltd. lifted its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 39.8% in the 3rd quarter. Pinnacle Associates Ltd. now owns 233,252 shares of the company’s stock valued at $8,868,000 after purchasing an additional 66,370 shares during the period. CWM LLC boosted its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 7.4% in the 4th quarter. CWM LLC now owns 448,472 shares of the company’s stock worth $17,185,000 after purchasing an additional 30,845 shares during the last quarter. Finally, Arvest Investments Inc. boosted its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 10.7% in the 4th quarter. Arvest Investments Inc. now owns 263,558 shares of the company’s stock worth $10,100,000 after purchasing an additional 25,490 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.