First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) Reaches 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 during mid-day trading on Tuesday . The company traded as high as $42.50 and last traded at $42.25, with a volume of 1404872 shares trading hands. The stock had previously closed at $42.33.

First Trust SMID Cap Rising Dividend Achievers ETF Price Performance

The business has a 50 day moving average price of $39.73 and a 200 day moving average price of $38.29. The stock has a market capitalization of $10.59 billion, a PE ratio of 14.54 and a beta of 1.12.

First Trust SMID Cap Rising Dividend Achievers ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were given a dividend of $0.1305 per share. This is a positive change from First Trust SMID Cap Rising Dividend Achievers ETF’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Friday, December 12th. This represents a $0.52 annualized dividend and a yield of 1.2%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in SDVY. Eagle Bay Advisors LLC bought a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the fourth quarter valued at approximately $25,000. Bank of Jackson Hole Trust bought a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the 3rd quarter worth $25,000. Oakworth Capital Inc. purchased a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the fourth quarter worth $25,000. GoalVest Advisory LLC bought a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the third quarter valued at $25,000. Finally, Trust Co. of Vermont bought a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the fourth quarter valued at $27,000.

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.