First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) Sets New 1-Year High – Here’s Why

Shares of First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) hit a new 52-week high on Tuesday . The company traded as high as $37.27 and last traded at $37.24, with a volume of 402106 shares changing hands. The stock had previously closed at $37.02.

First Trust SMID Cap Rising Dividend Archievers ETF Trading Down 0.5 %

The firm has a 50 day moving average price of $35.30 and a 200-day moving average price of $34.43. The firm has a market cap of $6.25 billion, a price-to-earnings ratio of 8.30 and a beta of 1.18.

First Trust SMID Cap Rising Dividend Archievers ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were given a dividend of $0.1383 per share. This represents a $0.55 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date was Thursday, September 26th.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Osaic Holdings Inc. grew its holdings in First Trust SMID Cap Rising Dividend Archievers ETF by 7.6% during the 1st quarter. Osaic Holdings Inc. now owns 1,769,500 shares of the company’s stock valued at $61,619,000 after buying an additional 125,091 shares during the last quarter. B. Riley Wealth Advisors Inc. boosted its stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 76.0% during the fourth quarter. B. Riley Wealth Advisors Inc. now owns 34,027 shares of the company’s stock valued at $1,115,000 after acquiring an additional 14,689 shares during the last quarter. Founders Financial Securities LLC purchased a new stake in First Trust SMID Cap Rising Dividend Archievers ETF during the 1st quarter worth about $284,000. Fifth Third Bancorp acquired a new position in First Trust SMID Cap Rising Dividend Archievers ETF in the 2nd quarter valued at about $298,000. Finally, Park National Corp OH lifted its holdings in First Trust SMID Cap Rising Dividend Archievers ETF by 292.0% in the 3rd quarter. Park National Corp OH now owns 2,531,035 shares of the company’s stock valued at $92,079,000 after purchasing an additional 1,885,435 shares in the last quarter.

First Trust SMID Cap Rising Dividend Archievers 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.