First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) Reaches New 12-Month High – Here’s What Happened

First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) shares hit a new 52-week high on Tuesday . The stock traded as high as $42.50 and last traded at $42.25, with a volume of 1404872 shares. The stock had previously closed at $42.33.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Down 0.2%

The stock has a market cap of $10.59 billion, a P/E ratio of 14.54 and a beta of 1.12. The business’s 50-day simple moving average is $39.73 and its two-hundred day simple moving average is $38.29.

First Trust SMID Cap Rising Dividend Achievers ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were paid a dividend of $0.1305 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Friday, December 12th. This is a positive change from First Trust SMID Cap Rising Dividend Achievers ETF’s previous quarterly dividend of $0.10.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Silver Oak Securities Incorporated lifted its position in First Trust SMID Cap Rising Dividend Achievers ETF by 54.8% during the 3rd quarter. Silver Oak Securities Incorporated now owns 87,799 shares of the company’s stock valued at $3,338,000 after acquiring an additional 31,072 shares during the period. Commonwealth Equity Services LLC grew its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 17.1% in the third quarter. Commonwealth Equity Services LLC now owns 3,384,431 shares of the company’s stock worth $128,674,000 after purchasing an additional 494,306 shares during the period. Formidable Asset Management LLC increased its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 17.2% during the third quarter. Formidable Asset Management LLC now owns 87,779 shares of the company’s stock valued at $3,097,000 after purchasing an additional 12,862 shares in the last quarter. Precedent Wealth Partners LLC lifted its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 14.3% during the third quarter. Precedent Wealth Partners LLC now owns 244,732 shares of the company’s stock valued at $9,305,000 after purchasing an additional 30,683 shares during the last quarter. Finally, D.A. Davidson & CO. boosted its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 4.0% in the 3rd quarter. D.A. Davidson & CO. now owns 669,617 shares of the company’s stock worth $25,458,000 after purchasing an additional 25,832 shares in 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.