First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) Stock Crosses Below 200 Day Moving Average – Here’s What Happened

First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY)’s share price passed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $41.97 and traded as low as $41.72. First Trust SMID Cap Rising Dividend Achievers ETF shares last traded at $41.93, with a volume of 1,218,998 shares.

First Trust SMID Cap Rising Dividend Achievers ETF Trading Down 0.2%

The firm has a 50 day moving average price of $41.97 and a 200-day moving average price of $41.97. The firm has a market cap of $11.07 billion, a PE ratio of 14.54 and a beta of 1.02.

First Trust SMID Cap Rising Dividend Achievers ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th were given a $0.1002 dividend. The ex-dividend date of this dividend was Thursday, September 24th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.0%. This is a boost from First Trust SMID Cap Rising Dividend Achievers ETF’s previous quarterly dividend of $0.0901.

Institutional Investors 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 SDVY. Decker Wealth Management LLC acquired a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the 1st quarter worth $24,789,000. Arkadios Wealth Advisors grew its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 191.4% in the first quarter. Arkadios Wealth Advisors now owns 861,728 shares of the company’s stock valued at $33,978,000 after purchasing an additional 566,039 shares during the last quarter. Bank of America Corp DE increased its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 6.3% during the 1st quarter. Bank of America Corp DE now owns 9,463,585 shares of the company’s stock valued at $373,149,000 after acquiring an additional 564,137 shares in the last quarter. Royal Bank of Canada raised its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 5.1% during the 1st quarter. Royal Bank of Canada now owns 6,670,911 shares of the company’s stock worth $263,034,000 after purchasing an additional 322,622 shares during the last quarter. Finally, JSF Financial LLC lifted its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 55.1% in the first quarter. JSF Financial LLC now owns 891,631 shares of the company’s stock valued at $35,157,000 after acquiring an additional 316,764 shares in the last quarter.

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.