First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) Sets New 52-Week High – What’s Next?

First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY)’s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $44.28 and last traded at $44.23, with a volume of 105005 shares trading hands. The stock had previously closed at $43.78.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Up 1.2%

The business has a 50 day simple moving average of $42.56 and a 200 day simple moving average of $41.57. The company has a market capitalization of $11.71 billion, a PE ratio of 14.54 and a beta of 1.01.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were issued a dividend of $0.0901 per share. The ex-dividend date was Thursday, June 25th. This represents a $0.36 annualized dividend and a dividend yield of 0.8%.

Hedge Funds Weigh In On First Trust SMID Cap Rising Dividend Achievers ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. TD Waterhouse Canada Inc. increased its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 1.7% during the 4th quarter. TD Waterhouse Canada Inc. now owns 15,085 shares of the company’s stock valued at $578,000 after purchasing an additional 251 shares in the last quarter. Keystone Financial Services LLC lifted its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 1.3% during the fourth quarter. Keystone Financial Services LLC now owns 19,815 shares of the company’s stock worth $759,000 after buying an additional 252 shares during the period. Allie Family Office LLC lifted its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 2.3% during the fourth quarter. Allie Family Office LLC now owns 11,545 shares of the company’s stock worth $442,000 after buying an additional 264 shares during the period. Arbor Capital Management Inc. ADV grew its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 2.2% during the first quarter. Arbor Capital Management Inc. ADV now owns 12,440 shares of the company’s stock valued at $515,000 after buying an additional 267 shares during the last quarter. Finally, Insight Inv LLC increased its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 2.0% in the 4th quarter. Insight Inv LLC now owns 13,770 shares of the company’s stock valued at $528,000 after acquiring an additional 270 shares during the period.

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.