First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) Reaches New 52-Week High – Here’s What Happened

First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY)’s share price reached a new 52-week high on Monday . The stock traded as high as $42.90 and last traded at $42.78, with a volume of 225465 shares trading hands. The stock had previously closed at $42.38.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Up 0.2%

The company’s 50 day moving average price is $41.63 and its two-hundred day moving average price is $40.63. The stock has a market cap of $10.99 billion, a P/E ratio of 14.54 and a beta of 1.01.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were issued a dividend of $0.0976 per share. This represents a $0.39 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Thursday, March 26th.

Hedge Funds Weigh In On First Trust SMID Cap Rising Dividend Achievers ETF

Institutional investors have recently bought and sold shares of the business. Eagle Bay Advisors LLC purchased a new position in First Trust SMID Cap Rising Dividend Achievers ETF during the fourth quarter valued at approximately $25,000. Oakworth Capital Inc. purchased a new position in First Trust SMID Cap Rising Dividend Achievers ETF during the fourth quarter valued at approximately $25,000. Trust Co. of Vermont purchased a new position in First Trust SMID Cap Rising Dividend Achievers ETF during the fourth quarter valued at approximately $27,000. Smartleaf Asset Management LLC purchased a new position in First Trust SMID Cap Rising Dividend Achievers ETF during 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 first 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.