First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) Sets New 1-Year High – Should You Buy?

First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) reached a new 52-week high during trading on Thursday . The company traded as high as $43.65 and last traded at $43.63, with a volume of 298116 shares changing hands. The stock had previously closed at $43.04.

First Trust SMID Cap Rising Dividend Achievers ETF Price Performance

The company has a market cap of $11.50 billion, a PE ratio of 14.54 and a beta of 1.01. The company has a 50-day moving average of $42.05 and a 200 day moving average of $41.22.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

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

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Eagle Bay Advisors LLC bought a new position in First Trust SMID Cap Rising Dividend Achievers ETF in the 4th quarter valued at $25,000. Oakworth Capital Inc. purchased a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the 4th quarter worth $25,000. Trust Co. of Vermont bought a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the 4th quarter valued at about $27,000. Smartleaf Asset Management LLC acquired a new stake in First Trust SMID Cap Rising Dividend Achievers ETF in the fourth quarter valued at approximately $28,000. Finally, Anchor Investment Management LLC purchased a new position in First Trust SMID Cap Rising Dividend Achievers ETF during the 1st quarter worth $30,000.

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.