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) shares 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 traded. The stock had previously closed at $43.28.

First Trust SMID Cap Rising Dividend Achievers ETF Trading Up 0.5%

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

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The business also recently declared 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 Trading of First Trust SMID Cap Rising Dividend Achievers ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Raymond James Financial Inc. grew its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 9.8% in the 4th quarter. Raymond James Financial Inc. now owns 14,105,263 shares of the company’s stock valued at $540,514,000 after purchasing an additional 1,261,249 shares during the period. LPL Financial LLC lifted its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 4.8% in the 4th quarter. LPL Financial LLC now owns 24,892,169 shares of the company’s stock valued at $953,868,000 after purchasing an additional 1,135,800 shares during the last quarter. Elevation Point Wealth Partners LLC increased its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 14,172.1% during the 1st quarter. Elevation Point Wealth Partners LLC now owns 1,039,862 shares of the company’s stock worth $41,002,000 after acquiring an additional 1,032,576 shares during the last quarter. Axxcess Wealth Management LLC lifted its position in First Trust SMID Cap Rising Dividend Achievers ETF by 4,508.1% during the fourth quarter. Axxcess Wealth Management LLC now owns 806,331 shares of the company’s stock worth $30,899,000 after acquiring an additional 788,833 shares during the last quarter. Finally, Decker Wealth Management LLC bought a new position in First Trust SMID Cap Rising Dividend Achievers ETF during the first quarter worth about $24,789,000.

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.