First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) Hits New 52-Week High – Time to Buy?

First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY)’s stock price reached a new 52-week high during trading on Thursday . The stock traded as high as $43.65 and last traded at $43.63, with a volume of 298116 shares trading hands. The stock had previously closed at $43.04.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Performance

The stock’s fifty day moving average is $42.12 and its two-hundred day moving average is $41.27. The firm has a market cap of $11.45 billion, a price-to-earnings ratio of 14.54 and a beta of 1.01.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were given a $0.0901 dividend. This represents a $0.36 annualized dividend and a yield of 0.8%. The ex-dividend date was Thursday, June 25th.

Institutional Trading of First Trust SMID Cap Rising Dividend Achievers ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Eagle Bay Advisors LLC bought a new stake in First Trust SMID Cap Rising Dividend Achievers ETF during the fourth quarter worth approximately $25,000. Oakworth Capital Inc. bought a new position in First Trust SMID Cap Rising Dividend Achievers ETF during the 4th quarter valued at $25,000. Trust Co. of Vermont acquired a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the 4th quarter valued at $27,000. Smartleaf Asset Management LLC acquired a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the 4th quarter valued at $28,000. Finally, Anchor Investment Management LLC acquired a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the 1st quarter valued at $30,000.

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.