First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) Reaches New 52-Week High – Should You Buy?

First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY)’s share price reached a new 52-week high on Wednesday . The company traded as high as $42.95 and last traded at $42.92, with a volume of 433000 shares changing hands. The stock had previously closed at $42.24.

First Trust SMID Cap Rising Dividend Achievers ETF Price Performance

The company has a fifty day simple moving average of $41.76 and a two-hundred day simple moving average of $40.77. The company has a market capitalization of $11.08 billion, a P/E ratio of 14.54 and a beta of 1.01.

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

Hedge funds have recently modified their holdings of the business. Eagle Bay Advisors LLC acquired a new position in First Trust SMID Cap Rising Dividend Achievers ETF during the 4th quarter valued at $25,000. Oakworth Capital Inc. bought a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the 4th quarter worth about $25,000. Trust Co. of Vermont bought a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the 4th quarter worth about $27,000. Smartleaf Asset Management LLC acquired a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the fourth quarter valued at about $28,000. Finally, EQ Wealth Advisors LLC acquired a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the fourth quarter valued at about $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.