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

First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $43.51 and last traded at $43.49, with a volume of 380100 shares changing hands. The stock had previously closed at $43.14.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Performance

The business’s 50 day moving average price is $41.89 and its 200-day moving average price is $40.92. The firm has a market capitalization of $11.24 billion, a PE ratio of 14.54 and a beta of 1.01.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

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

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

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Western Wealth Management LLC lifted its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 12.3% in the first quarter. Western Wealth Management LLC now owns 849,178 shares of the company’s stock worth $33,483,000 after acquiring an additional 92,762 shares during the last quarter. Southern Financial Group LLC increased its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 0.9% in the 1st quarter. Southern Financial Group LLC now owns 1,303,502 shares of the company’s stock valued at $51,397,000 after purchasing an additional 11,694 shares during the last quarter. Rathbones Group PLC raised its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 6.9% in the 1st quarter. Rathbones Group PLC now owns 16,530 shares of the company’s stock valued at $652,000 after purchasing an additional 1,069 shares in the last quarter. Parallel Advisors LLC raised its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 27.8% in the 1st quarter. Parallel Advisors LLC now owns 21,792 shares of the company’s stock valued at $859,000 after purchasing an additional 4,740 shares in the last quarter. Finally, Financial Solutions Advisory Group Inc. purchased a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the 1st quarter worth $293,000.

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.