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

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

First Trust SMID Cap Rising Dividend Achievers ETF Stock Up 1.2%

The company has a market capitalization of $11.50 billion, a price-to-earnings ratio of 14.54 and a beta of 1.01. The business’s 50-day moving average is $42.05 and its 200-day moving average is $41.22.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

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

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

Several hedge funds have recently modified their holdings of the company. Eagle Bay Advisors LLC purchased a new position in First Trust SMID Cap Rising Dividend Achievers ETF during the fourth quarter worth approximately $25,000. Oakworth Capital Inc. purchased a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the fourth quarter worth approximately $25,000. Trust Co. of Vermont acquired a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the fourth 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 4th quarter valued at about $28,000. Finally, EQ Wealth Advisors LLC acquired a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the fourth quarter valued at approximately $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.