First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) Sets New 1-Year Low – Time to Sell?

First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY)’s stock price reached a new 52-week low during mid-day trading on Thursday . The stock 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 Stock Down 4.5 %

The company has a market capitalization of $7.07 billion, a PE ratio of 13.43 and a beta of 1.18. The company has a 50-day moving average price of $35.11 and a two-hundred day moving average price of $36.45.

First Trust SMID Cap Rising Dividend Archievers ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were issued a dividend of $0.1576 per share. This represents a $0.63 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date was Thursday, March 27th. This is a positive change from First Trust SMID Cap Rising Dividend Archievers ETF’s previous quarterly dividend of $0.14.

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

A number of institutional investors and hedge funds have recently modified their holdings of SDVY. DHK Financial Advisors Inc. increased its holdings in First Trust SMID Cap Rising Dividend Archievers ETF by 0.5% during the 4th quarter. DHK Financial Advisors Inc. now owns 58,897 shares of the company’s stock worth $2,111,000 after acquiring an additional 297 shares during the period. tru Independence LLC boosted its stake in First Trust SMID Cap Rising Dividend Archievers ETF by 1.2% during the fourth quarter. tru Independence LLC now owns 31,039 shares of the company’s stock valued at $1,113,000 after buying an additional 362 shares during the period. Pineridge Advisors LLC grew its position in First Trust SMID Cap Rising Dividend Archievers ETF by 138.9% during the fourth quarter. Pineridge Advisors LLC now owns 762 shares of the company’s stock worth $27,000 after buying an additional 443 shares in the last quarter. Fiduciary Trust Co increased its stake in First Trust SMID Cap Rising Dividend Archievers ETF by 8.0% in the 4th quarter. Fiduciary Trust Co now owns 6,314 shares of the company’s stock worth $226,000 after acquiring an additional 469 shares during the last quarter. Finally, Capital Investment Counsel LLC raised its holdings in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 0.3% in the 4th quarter. Capital Investment Counsel LLC now owns 212,062 shares of the company’s stock valued at $7,602,000 after acquiring an additional 549 shares in the last quarter.

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.