First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) Sets New 12-Month Low – Here’s What Happened

First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $31.73 and last traded at $31.77, with a volume of 487715 shares traded. The stock had previously closed at $34.12.

First Trust SMID Cap Rising Dividend Archievers ETF Price Performance

The firm has a market cap of $7.40 billion, a PE ratio of 13.43 and a beta of 1.18. The business’s fifty day moving average is $35.38 and its 200-day moving average is $36.52.

First Trust SMID Cap Rising Dividend Archievers ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were paid a $0.1576 dividend. This is an increase from First Trust SMID Cap Rising Dividend Archievers ETF’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $0.63 annualized dividend and a yield of 1.99%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Creative Financial Designs Inc. ADV boosted its position in First Trust SMID Cap Rising Dividend Archievers ETF by 51.1% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 67,526 shares of the company’s stock worth $2,421,000 after purchasing an additional 22,828 shares during the period. Redhawk Wealth Advisors Inc. boosted its holdings in First Trust SMID Cap Rising Dividend Archievers ETF by 16.4% in the 4th quarter. Redhawk Wealth Advisors Inc. now owns 150,303 shares of the company’s stock worth $5,388,000 after buying an additional 21,199 shares during the period. Janney Montgomery Scott LLC grew its stake in First Trust SMID Cap Rising Dividend Archievers ETF by 46.8% in the 4th quarter. Janney Montgomery Scott LLC now owns 713,298 shares of the company’s stock valued at $25,572,000 after buying an additional 227,413 shares in the last quarter. Allworth Financial LP raised its holdings in First Trust SMID Cap Rising Dividend Archievers ETF by 28.5% during the 4th quarter. Allworth Financial LP now owns 12,950 shares of the company’s stock valued at $490,000 after acquiring an additional 2,872 shares during the period. Finally, Stifel Financial Corp lifted its position in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 16.3% during the third quarter. Stifel Financial Corp now owns 2,485,251 shares of the company’s stock worth $90,415,000 after acquiring an additional 347,799 shares in the last quarter.

First Trust SMID Cap Rising Dividend Archievers ETF Company Profile

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.