First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) Hits New 1-Year High – Time to Buy?

First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $43.51 and last traded at $43.49, with a volume of 380100 shares. The stock had previously closed at $43.14.

First Trust SMID Cap Rising Dividend Achievers ETF Price Performance

The stock has a market cap of $11.24 billion, a PE ratio of 14.54 and a beta of 1.01. The stock’s fifty day moving average is $41.89 and its 200-day moving average is $40.92.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were issued 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 company. Western Wealth Management LLC raised its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 12.3% during the 1st quarter. Western Wealth Management LLC now owns 849,178 shares of the company’s stock valued at $33,483,000 after buying an additional 92,762 shares during the period. Southern Financial Group LLC grew its position in First Trust SMID Cap Rising Dividend Achievers ETF by 0.9% in the first quarter. Southern Financial Group LLC now owns 1,303,502 shares of the company’s stock worth $51,397,000 after acquiring an additional 11,694 shares during the period. Rathbones Group PLC grew its position in First Trust SMID Cap Rising Dividend Achievers ETF by 6.9% in the first quarter. Rathbones Group PLC now owns 16,530 shares of the company’s stock worth $652,000 after acquiring an additional 1,069 shares during the period. Parallel Advisors LLC increased its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 27.8% during the first quarter. Parallel Advisors LLC now owns 21,792 shares of the company’s stock worth $859,000 after acquiring an additional 4,740 shares during the last quarter. Finally, Financial Solutions Advisory Group Inc. acquired a new stake in First Trust SMID Cap Rising Dividend Achievers ETF during the first quarter worth $293,000.

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.