First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) Sets New 12-Month High Following Dividend Announcement

First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY – Get Free Report) hit a new 52-week high on Wednesday following a dividend announcement from the company. The stock traded as high as $42.95 and last traded at $42.92, with a volume of 433000 shares trading hands. The stock had previously closed at $42.24.

The newly announced dividend which will be paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th will be issued a $0.0901 dividend. This represents a $0.36 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Thursday, June 25th.

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

The business’s 50 day moving average is $41.81 and its 200 day moving average is $40.83. The stock has a market capitalization of $11.14 billion, a PE ratio of 14.54 and a beta of 1.01.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. TD Waterhouse Canada Inc. raised its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 1.7% in the fourth quarter. TD Waterhouse Canada Inc. now owns 15,085 shares of the company’s stock worth $578,000 after buying an additional 251 shares during the period. Keystone Financial Services LLC lifted its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 1.3% during the 4th quarter. Keystone Financial Services LLC now owns 19,815 shares of the company’s stock worth $759,000 after acquiring an additional 252 shares during the last quarter. Allie Family Office LLC boosted its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 2.3% during the 4th quarter. Allie Family Office LLC now owns 11,545 shares of the company’s stock valued at $442,000 after acquiring an additional 264 shares during the period. Arbor Capital Management Inc. ADV boosted its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 2.2% during the 1st quarter. Arbor Capital Management Inc. ADV now owns 12,440 shares of the company’s stock valued at $515,000 after acquiring an additional 267 shares during the period. Finally, Insight Inv LLC grew its position in First Trust SMID Cap Rising Dividend Achievers ETF by 2.0% in the 4th quarter. Insight Inv LLC now owns 13,770 shares of the company’s stock valued at $528,000 after acquiring an additional 270 shares during the last quarter.

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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