First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) Announces Dividend Increase – $0.13 Per Share

First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) declared a quarterly dividend on Thursday, December 11th. Stockholders of record on Friday, December 12th will be paid a dividend of 0.1305 per share on Wednesday, December 31st. This represents a c) dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Friday, December 12th. This is a 37.4% increase from First Trust SMID Cap Rising Dividend Achievers ETF’s previous quarterly dividend of $0.10.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Performance

First Trust SMID Cap Rising Dividend Achievers ETF stock traded down $0.23 during trading on Friday, reaching $39.32. 259,652 shares of the company’s stock were exchanged, compared to its average volume of 1,502,212. First Trust SMID Cap Rising Dividend Achievers ETF has a 52-week low of $28.84 and a 52-week high of $39.60. The firm has a market cap of $9.45 billion, a price-to-earnings ratio of 14.54 and a beta of 1.12. The company’s 50-day moving average is $37.70 and its two-hundred day moving average is $36.88.

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

Large investors have recently modified their holdings of the stock. GoalVest Advisory LLC acquired a new position in First Trust SMID Cap Rising Dividend Achievers ETF during the 3rd quarter worth approximately $25,000. Bank of Jackson Hole Trust purchased a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the third quarter valued at approximately $25,000. Hantz Financial Services Inc. acquired a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the second quarter valued at about $33,000. Fifth Third Bancorp increased its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 120.9% during the second quarter. Fifth Third Bancorp now owns 952 shares of the company’s stock worth $34,000 after acquiring an additional 521 shares during the last quarter. Finally, Atlantic Union Bankshares Corp acquired a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the second quarter worth about $34,000.

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.