First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) Sees Large Volume Increase – Should You Buy?

Shares of First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) saw strong trading volume on Friday . 1,441,384 shares changed hands during trading, a decline of 15% from the previous session’s volume of 1,693,452 shares.The stock last traded at $37.67 and had previously closed at $37.43.

First Trust SMID Cap Rising Dividend Archievers ETF Trading Up 0.2 %

The company’s 50 day moving average price is $37.63 and its two-hundred day moving average price is $36.17. The firm has a market cap of $8.09 billion, a PE ratio of 8.30 and a beta of 1.18.

First Trust SMID Cap Rising Dividend Archievers ETF Dividend Announcement

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were paid a dividend of $0.1821 per share. The ex-dividend date was Friday, December 13th.

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

Large investors have recently added to or reduced their stakes in the stock. National Bank of Canada FI purchased a new stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF in the third quarter valued at approximately $27,000. Grove Bank & Trust bought a new position in First Trust SMID Cap Rising Dividend Archievers ETF during the 4th quarter worth about $27,000. Icon Wealth Advisors LLC bought a new position in First Trust SMID Cap Rising Dividend Archievers ETF during the 3rd quarter worth about $30,000. Global Trust Asset Management LLC bought a new stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF in the 4th quarter valued at about $52,000. Finally, ORG Partners LLC purchased a new stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF in the 3rd quarter worth approximately $73,000.

About First Trust SMID Cap Rising Dividend Archievers 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.