First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) Sets New 52-Week High – Still a Buy?

First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVYGet Free Report) reached a new 52-week high on Monday . The stock traded as high as $43.82 and last traded at $43.77, with a volume of 86116 shares. The stock had previously closed at $43.28.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Performance

The firm has a market cap of $11.50 billion, a P/E ratio of 14.54 and a beta of 1.01. The company’s 50 day moving average is $42.30 and its 200 day moving average is $41.44.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were given a dividend of $0.0901 per share. The ex-dividend date was Thursday, June 25th. This represents a $0.36 annualized dividend and a yield of 0.8%.

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

Several institutional investors and hedge funds have recently made changes to their positions in SDVY. Eagle Bay Advisors LLC acquired a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the 4th quarter worth approximately $25,000. Oakworth Capital Inc. bought a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the fourth quarter worth about $25,000. Trust Co. of Vermont bought a new position in First Trust SMID Cap Rising Dividend Achievers ETF during the 4th quarter valued at $27,000. Smartleaf Asset Management LLC purchased a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the fourth quarter valued at approximately $28,000. Finally, EQ Wealth Advisors LLC purchased a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the 4th quarter worth approximately $30,000.

About First Trust SMID Cap Rising Dividend Achievers ETF

(Get Free Report)

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.

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