First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) Reaches New 12-Month High – Still a Buy?

First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) shares hit a new 52-week high on Wednesday . The company traded as high as $40.85 and last traded at $40.7060, with a volume of 816287 shares. The stock had previously closed at $40.04.

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

The company’s fifty day moving average price is $38.95 and its 200-day moving average price is $37.88. The stock has a market capitalization of $10.05 billion, a PE ratio of 14.54 and a beta of 1.12.

First Trust SMID Cap Rising Dividend Achievers ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were issued a dividend of $0.1305 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Friday, December 12th. This is a boost from First Trust SMID Cap Rising Dividend Achievers ETF’s previous quarterly dividend of $0.10.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Eagle Bay Advisors LLC bought a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the 4th quarter valued at approximately $25,000. Bank of Jackson Hole Trust acquired a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the third quarter worth about $25,000. GoalVest Advisory LLC acquired a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the third quarter worth approximately $25,000. Trust Co. of Vermont purchased a new stake in First Trust SMID Cap Rising Dividend Achievers ETF in the 4th quarter valued at $27,000. Finally, Hantz Financial Services Inc. acquired a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the 2nd quarter worth approximately $33,000.

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.