First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) Hits New 12-Month High – What’s Next?

First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $43.51 and last traded at $43.49, with a volume of 380100 shares changing hands. The stock had previously closed at $43.14.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Performance

The stock’s 50-day moving average price is $41.93 and its 200-day moving average price is $40.98. The company has a market capitalization of $11.35 billion, a price-to-earnings ratio of 14.54 and a beta of 1.01.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were issued a dividend of $0.0901 per share. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $0.36 annualized dividend and a yield of 0.8%.

Institutional Trading of First Trust SMID Cap Rising Dividend Achievers ETF

Several large investors have recently bought and sold shares of SDVY. Focus Partners Wealth raised its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 41.2% during the 1st quarter. Focus Partners Wealth now owns 43,712 shares of the company’s stock worth $1,464,000 after buying an additional 12,748 shares during the last quarter. Creative Planning grew its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 31.9% in the 2nd quarter. Creative Planning now owns 9,390 shares of the company’s stock valued at $331,000 after acquiring an additional 2,270 shares during the last quarter. Brown Advisory Inc. increased its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 4.6% during the 2nd quarter. Brown Advisory Inc. now owns 14,098 shares of the company’s stock valued at $497,000 after acquiring an additional 621 shares in the last quarter. Cerity Partners LLC purchased a new position in First Trust SMID Cap Rising Dividend Achievers ETF during the 2nd quarter valued at about $1,897,000. Finally, Qube Research & Technologies Ltd raised its position in First Trust SMID Cap Rising Dividend Achievers ETF by 189.9% during the second quarter. Qube Research & Technologies Ltd now owns 368,711 shares of the company’s stock worth $13,008,000 after acquiring an additional 241,547 shares during 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.