First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) Shares Break Below Two Hundred Day Moving Average – Time to Sell?

Shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) crossed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $41.89 and traded as low as $41.61. First Trust SMID Cap Rising Dividend Achievers ETF shares last traded at $41.86, with a volume of 1,039,325 shares trading hands.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Down 1.1%

The stock has a market capitalization of $11.09 billion, a P/E ratio of 14.54 and a beta of 1.01. The business’s 50 day simple moving average is $42.11 and its two-hundred day simple moving average is $41.91.

First Trust SMID Cap Rising Dividend Achievers ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Thursday, September 24th were issued a $0.1002 dividend. The ex-dividend date was Thursday, September 24th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.0%. This is a boost from First Trust SMID Cap Rising Dividend Achievers ETF’s previous quarterly dividend of $0.0901.

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

Several large investors have recently added to or reduced their stakes in the business. Maryland Capital Advisors Inc. bought a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the 3rd quarter worth $28,000. Anchor Investment Management LLC bought a new stake in First Trust SMID Cap Rising Dividend Achievers ETF in the 1st quarter valued at about $30,000. Pinnacle Wealth Planning Services Inc. bought a new stake in First Trust SMID Cap Rising Dividend Achievers ETF in the 3rd quarter valued at about $31,000. Orion Capital Management LLC bought a new stake in First Trust SMID Cap Rising Dividend Achievers ETF in the 2nd quarter valued at about $39,000. Finally, Olistico Wealth LLC purchased a new stake in First Trust SMID Cap Rising Dividend Achievers ETF during the third quarter valued at about $41,000.

First Trust SMID Cap Rising Dividend Achievers ETF Company Profile

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.