First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) Reaches New 12-Month High – Should You Buy?

First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $40.51 and last traded at $40.4670, with a volume of 62231 shares traded. The stock had previously closed at $40.11.

First Trust SMID Cap Rising Dividend Achievers ETF Price Performance

The firm has a market capitalization of $10.07 billion, a PE ratio of 14.54 and a beta of 1.12. The firm has a fifty day moving average price of $38.55 and a 200 day moving average price of $37.67.

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. Shareholders of record on Friday, December 12th were paid a dividend of $0.1305 per share. This is a boost from First Trust SMID Cap Rising Dividend Achievers ETF’s previous quarterly dividend of $0.10. This represents a $0.52 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Friday, December 12th.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in SDVY. Wagner Wealth Management LLC boosted its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 4.3% in the 2nd quarter. Wagner Wealth Management LLC now owns 456,314 shares of the company’s stock worth $16,099,000 after purchasing an additional 18,713 shares during the period. Silver Oak Securities Incorporated lifted its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 54.8% in the third quarter. Silver Oak Securities Incorporated now owns 87,799 shares of the company’s stock valued at $3,338,000 after purchasing an additional 31,072 shares in the last quarter. Commonwealth Equity Services LLC lifted its holdings in shares of 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 in the last quarter. D.A. Davidson & CO. boosted its position in shares of 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 worth $25,458,000 after buying an additional 25,832 shares during the period. Finally, Precedent Wealth Partners LLC grew its holdings in shares of 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 valued at $9,305,000 after buying an additional 30,683 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.