First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) Reaches New 1-Year High – Here’s What Happened

First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $43.82 and last traded at $43.77, with a volume of 86116 shares. The stock had previously closed at $43.28.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Performance

The firm has a market cap of $11.66 billion, a price-to-earnings ratio of 14.54 and a beta of 1.01. The stock’s fifty day moving average is $42.42 and its two-hundred day moving average is $41.50.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The company also recently declared 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 was Thursday, June 25th. This represents a $0.36 annualized dividend and a dividend yield of 0.8%.

Institutional Investors Weigh In On First Trust SMID Cap Rising Dividend Achievers ETF

A number of hedge funds have recently made changes to their positions in SDVY. Focus Partners Wealth raised its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 41.2% during the 1st quarter. Focus Partners Wealth now owns 43,712 shares of the company’s stock valued at $1,464,000 after acquiring an additional 12,748 shares in the last quarter. Creative Planning grew its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 31.9% in the second quarter. Creative Planning now owns 9,390 shares of the company’s stock worth $331,000 after purchasing an additional 2,270 shares in the last quarter. Brown Advisory Inc. grew its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 4.6% in the second quarter. Brown Advisory Inc. now owns 14,098 shares of the company’s stock worth $497,000 after purchasing an additional 621 shares in the last quarter. Cerity Partners LLC acquired a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the second quarter valued at $1,897,000. Finally, Qube Research & Technologies Ltd increased its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 189.9% during the second quarter. Qube Research & Technologies Ltd now owns 368,711 shares of the company’s stock valued at $13,008,000 after purchasing an additional 241,547 shares during the period.

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.