First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) Hits New 1-Year High – What’s Next?

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

First Trust SMID Cap Rising Dividend Achievers ETF Price Performance

The stock’s 50-day moving average price is $38.18 and its 200 day moving average price is $37.41. The firm has a market capitalization of $9.76 billion, a PE ratio of 14.54 and a beta of 1.12.

First Trust SMID Cap Rising Dividend Achievers ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were paid a $0.1305 dividend. 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. The ex-dividend date of this dividend was Friday, December 12th.

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

Several large investors have recently modified their holdings of the business. Wagner Wealth Management LLC boosted its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 4.3% during the 2nd quarter. Wagner Wealth Management LLC now owns 456,314 shares of the company’s stock worth $16,099,000 after acquiring an additional 18,713 shares in the last quarter. Silver Oak Securities Incorporated raised its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 54.8% during the 3rd quarter. Silver Oak Securities Incorporated now owns 87,799 shares of the company’s stock worth $3,338,000 after acquiring an additional 31,072 shares in the last quarter. Precedent Wealth Partners LLC lifted its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 14.3% during the third quarter. Precedent Wealth Partners LLC now owns 244,732 shares of the company’s stock worth $9,305,000 after purchasing an additional 30,683 shares during the last quarter. D.A. Davidson & CO. boosted its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 4.0% in the third quarter. D.A. Davidson & CO. now owns 669,617 shares of the company’s stock valued at $25,458,000 after purchasing an additional 25,832 shares in the last quarter. Finally, Commonwealth Equity Services LLC increased its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 17.1% in the third quarter. Commonwealth Equity Services LLC now owns 3,384,431 shares of the company’s stock valued at $128,674,000 after purchasing an additional 494,306 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.