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

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

First Trust SMID Cap Rising Dividend Achievers ETF Trading Up 0.6%

The firm has a market capitalization of $11.03 billion, a price-to-earnings ratio of 14.54 and a beta of 1.01. The firm has a fifty day moving average price of $41.52 and a 200 day moving average price of $40.57.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

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

Institutional Trading of First Trust SMID Cap Rising Dividend Achievers ETF

Several hedge funds have recently modified their holdings of SDVY. Focus Partners Wealth grew its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 41.2% during the first quarter. Focus Partners Wealth now owns 43,712 shares of the company’s stock valued at $1,464,000 after purchasing an additional 12,748 shares during the last quarter. Creative Planning grew its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 31.9% during the second quarter. Creative Planning now owns 9,390 shares of the company’s stock valued at $331,000 after purchasing an additional 2,270 shares during the last quarter. Brown Advisory Inc. grew its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 4.6% during the second quarter. Brown Advisory Inc. now owns 14,098 shares of the company’s stock valued at $497,000 after purchasing an additional 621 shares during the last quarter. Cerity Partners LLC bought a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the second quarter valued at approximately $1,897,000. Finally, Qube Research & Technologies Ltd grew its stake in shares of 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 valued at $13,008,000 after purchasing 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.