First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) Hits New 52-Week High – What’s Next?

First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY)’s share price hit a new 52-week high on Monday . The stock traded as high as $44.28 and last traded at $44.23, with a volume of 105005 shares. The stock had previously closed at $43.78.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Up 1.3%

The business has a 50-day moving average price of $42.68 and a 200-day moving average price of $41.64. The firm has a market capitalization of $11.87 billion, a PE ratio of 14.54 and a beta of 1.01.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

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

Institutional Trading of First Trust SMID Cap Rising Dividend Achievers ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in SDVY. Investment Partners LTD. increased its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 1.0% during the second quarter. Investment Partners LTD. now owns 24,366 shares of the company’s stock worth $1,051,000 after acquiring an additional 237 shares during the last quarter. Provident Wealth Management LLC lifted its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 0.7% during the 2nd quarter. Provident Wealth Management LLC now owns 141,372 shares of the company’s stock worth $6,099,000 after acquiring an additional 1,027 shares in the last quarter. Accel Wealth Management lifted its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 11.5% during the 2nd quarter. Accel Wealth Management now owns 68,241 shares of the company’s stock worth $2,944,000 after acquiring an additional 7,016 shares in the last quarter. Dagco Inc. boosted its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 3.7% during the 2nd quarter. Dagco Inc. now owns 428,281 shares of the company’s stock valued at $18,476,000 after acquiring an additional 15,098 shares during the period. Finally, City Holding Co. boosted its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 5.2% during the 2nd quarter. City Holding Co. now owns 41,191 shares of the company’s stock valued at $1,777,000 after acquiring an additional 2,030 shares during the period.

First Trust SMID Cap Rising Dividend Achievers ETF Company Profile

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.