First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) Reaches New 12-Month High – Here’s Why

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

First Trust SMID Cap Rising Dividend Achievers ETF Price Performance

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

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

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

Institutional Trading of First Trust SMID Cap Rising Dividend Achievers ETF

A number of institutional investors have recently bought and sold shares of the stock. Raymond James Financial Inc. boosted its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 9.8% during the fourth quarter. Raymond James Financial Inc. now owns 14,105,263 shares of the company’s stock valued at $540,514,000 after buying an additional 1,261,249 shares during the period. LPL Financial LLC grew its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 4.8% during the fourth quarter. LPL Financial LLC now owns 24,892,169 shares of the company’s stock valued at $953,868,000 after buying an additional 1,135,800 shares during the last quarter. Elevation Point Wealth Partners LLC raised its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 14,172.1% in the first quarter. Elevation Point Wealth Partners LLC now owns 1,039,862 shares of the company’s stock worth $41,002,000 after buying an additional 1,032,576 shares during the period. Axxcess Wealth Management LLC raised its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 4,508.1% in the fourth quarter. Axxcess Wealth Management LLC now owns 806,331 shares of the company’s stock worth $30,899,000 after buying an additional 788,833 shares during the period. Finally, Decker Wealth Management LLC bought a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the 1st quarter worth approximately $24,789,000.

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.