First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) Reaches New 12-Month High – Here’s What Happened

First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) shares hit a new 52-week high on Wednesday . The stock traded as high as $40.85 and last traded at $40.7060, with a volume of 816287 shares. The stock had previously closed at $40.04.

First Trust SMID Cap Rising Dividend Achievers ETF Price Performance

The firm’s 50 day moving average price is $38.77 and its two-hundred day moving average price is $37.81. The stock has a market cap of $10.19 billion, a PE ratio of 14.54 and a beta of 1.12.

First Trust SMID Cap Rising Dividend Achievers ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were given a dividend of $0.1305 per share. This is an increase from First Trust SMID Cap Rising Dividend Achievers ETF’s previous quarterly dividend of $0.10. This represents a $0.52 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Friday, December 12th.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in SDVY. Ameliora Wealth Management Ltd. lifted its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 66.7% in the fourth quarter. Ameliora Wealth Management Ltd. now owns 2,075 shares of the company’s stock worth $80,000 after buying an additional 830 shares in the last quarter. Newbridge Financial Services Group Inc. purchased a new stake in First Trust SMID Cap Rising Dividend Achievers ETF in the 4th quarter worth approximately $111,000. Rathbones Group PLC lifted its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 67.5% in the 4th quarter. Rathbones Group PLC now owns 15,461 shares of the company’s stock worth $592,000 after purchasing an additional 6,232 shares in the last quarter. Trueblood Wealth Management LLC boosted its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 1.3% in the 4th quarter. Trueblood Wealth Management LLC now owns 94,229 shares of the company’s stock valued at $3,611,000 after purchasing an additional 1,185 shares during the period. Finally, Walkner Condon Financial Advisors LLC grew its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 6.7% during the 4th quarter. Walkner Condon Financial Advisors LLC now owns 35,325 shares of the company’s stock valued at $1,354,000 after purchasing an additional 2,215 shares in 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.