First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) Hits New 52-Week High Following Dividend Announcement

First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) reached a new 52-week high during mid-day trading on Wednesday after the company announced a dividend. The company traded as high as $42.95 and last traded at $42.92, with a volume of 433000 shares traded. The stock had previously closed at $42.24.

The newly announced dividend which will be paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th will be given a dividend of $0.0901 per share. This represents a $0.36 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Thursday, June 25th.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Up 0.7%

The firm has a 50 day simple moving average of $41.81 and a 200-day simple moving average of $40.83. The stock has a market cap of $11.14 billion, a P/E ratio of 14.54 and a beta of 1.01.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Focus Partners Wealth boosted its position in First Trust SMID Cap Rising Dividend Achievers ETF by 41.2% during the first quarter. Focus Partners Wealth now owns 43,712 shares of the company’s stock worth $1,464,000 after purchasing an additional 12,748 shares during the period. Creative Planning increased its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 31.9% in the second quarter. Creative Planning now owns 9,390 shares of the company’s stock valued at $331,000 after purchasing an additional 2,270 shares during the last quarter. Brown Advisory Inc. raised its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 4.6% in the second quarter. Brown Advisory Inc. now owns 14,098 shares of the company’s stock valued at $497,000 after purchasing an additional 621 shares during the period. Cerity Partners LLC bought a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the second quarter valued at about $1,897,000. Finally, Qube Research & Technologies Ltd lifted its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 189.9% during the 2nd quarter. Qube Research & Technologies Ltd now owns 368,711 shares of the company’s stock worth $13,008,000 after buying an additional 241,547 shares during the last quarter.

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.