First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) Hits New 52-Week High – Should You Buy?

First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY)’s stock price hit a new 52-week high on Monday . The company traded as high as $39.63 and last traded at $39.4550, with a volume of 551411 shares traded. The stock had previously closed at $38.72.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Up 2.2%

The company has a market cap of $9.76 billion, a P/E ratio of 14.54 and a beta of 1.12. The business has a fifty day simple moving average of $38.18 and a two-hundred day simple moving average of $37.41.

First Trust SMID Cap Rising Dividend Achievers ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were issued a $0.1305 dividend. The ex-dividend date of this dividend was Friday, December 12th. This represents a $0.52 dividend on an annualized basis and a yield of 1.3%. This is a boost from First Trust SMID Cap Rising Dividend Achievers ETF’s previous quarterly dividend of $0.10.

Institutional Investors Weigh In On First Trust SMID Cap Rising Dividend Achievers ETF

Large investors have recently bought and sold shares of the business. Valley National Advisers Inc. increased its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 0.5% in the 3rd quarter. Valley National Advisers Inc. now owns 58,799 shares of the company’s stock worth $2,235,000 after purchasing an additional 282 shares during the period. Purus Wealth Management LLC grew its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 0.5% in the third quarter. Purus Wealth Management LLC now owns 52,491 shares of the company’s stock worth $1,996,000 after purchasing an additional 284 shares during the last quarter. Moloney Securities Asset Management LLC increased its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 2.9% in the second quarter. Moloney Securities Asset Management LLC now owns 10,260 shares of the company’s stock worth $362,000 after buying an additional 291 shares during the period. Cary Street Partners Financial LLC increased its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 1.4% in the third quarter. Cary Street Partners Financial LLC now owns 22,510 shares of the company’s stock worth $856,000 after buying an additional 300 shares during the period. Finally, MinichMacGregor Wealth Management LLC raised its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 5.1% during the 3rd quarter. MinichMacGregor Wealth Management LLC now owns 6,212 shares of the company’s stock valued at $236,000 after buying an additional 302 shares during the last quarter.

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.