First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) Increases Dividend to $0.10 Per Share

First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) announced a quarterly dividend on Wednesday, September 23rd. Stockholders of record on Thursday, September 24th will be paid a dividend of 0.1002 per share on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Thursday, September 24th. This is a 11.2% increase from First Trust SMID Cap Rising Dividend Achievers ETF’s previous quarterly dividend of $0.09.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Performance

Shares of NASDAQ SDVY traded down $0.27 during mid-day trading on Thursday, hitting $41.09. The stock had a trading volume of 103,691 shares, compared to its average volume of 1,302,606. The company has a 50 day moving average of $43.44 and a two-hundred day moving average of $42.13. First Trust SMID Cap Rising Dividend Achievers ETF has a twelve month low of $36.40 and a twelve month high of $45.11. The firm has a market cap of $11.93 billion, a PE ratio of 14.54 and a beta of 1.00.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Anchor Investment Management LLC purchased a new stake in First Trust SMID Cap Rising Dividend Achievers ETF in the first quarter valued at approximately $30,000. Orion Capital Management LLC purchased a new position in First Trust SMID Cap Rising Dividend Achievers ETF during the 2nd quarter worth approximately $39,000. Torren Management LLC purchased a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the 1st quarter valued at $50,000. Parkside Financial Bank & Trust purchased a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the 2nd quarter valued at $51,000. Finally, NI Acquisitions Company LLC acquired a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the second quarter worth $95,000.

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.