First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) Hits New 1-Year High – What’s Next?

First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) reached a new 52-week high during trading on Monday . The company traded as high as $39.63 and last traded at $39.4550, with a volume of 551411 shares. The stock had previously closed at $38.72.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Performance

The stock has a market cap of $9.73 billion, a PE ratio of 14.54 and a beta of 1.12. The firm has a 50-day moving average price of $38.29 and a 200-day moving average price of $37.50.

First Trust SMID Cap Rising Dividend Achievers ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were paid a $0.1305 dividend. 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 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Friday, December 12th.

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

A number of hedge funds have recently added to or reduced their stakes in the company. Harbour Investments Inc. boosted its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 472.9% during the 2nd quarter. Harbour Investments Inc. now owns 2,835,642 shares of the company’s stock valued at $100,041,000 after purchasing an additional 2,340,638 shares during the last quarter. Raymond James Financial Inc. lifted its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 6.9% during the third quarter. Raymond James Financial Inc. now owns 12,844,014 shares of the company’s stock valued at $488,323,000 after purchasing an additional 825,345 shares in the last quarter. Bank of America Corp DE boosted its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 8.3% during the third quarter. Bank of America Corp DE now owns 7,982,389 shares of the company’s stock valued at $303,486,000 after buying an additional 614,123 shares during the last quarter. HighTower Advisors LLC increased its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 20.3% in the 3rd quarter. HighTower Advisors LLC now owns 3,127,052 shares of the company’s stock worth $118,890,000 after buying an additional 528,572 shares in the last quarter. Finally, Commonwealth Equity Services LLC increased its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 17.1% in the 3rd quarter. Commonwealth Equity Services LLC now owns 3,384,431 shares of the company’s stock worth $128,674,000 after buying an additional 494,306 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.