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

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

First Trust SMID Cap Rising Dividend Archievers ETF Stock Down 7.0 %

The stock has a market capitalization of $7.40 billion, a P/E ratio of 13.43 and a beta of 1.18. The company has a 50-day moving average price of $35.38 and a two-hundred day moving average price of $36.52.

First Trust SMID Cap Rising Dividend Archievers ETF Increases Dividend

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

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in SDVY. Farmers & Merchants Investments Inc. purchased a new position in First Trust SMID Cap Rising Dividend Archievers ETF during the fourth quarter worth about $26,000. National Bank of Canada FI bought a new position in shares of First Trust SMID Cap Rising Dividend Archievers ETF in the third quarter worth approximately $27,000. Grove Bank & Trust bought a new position in shares of First Trust SMID Cap Rising Dividend Archievers ETF in the fourth quarter worth approximately $27,000. Pineridge Advisors LLC raised its stake in First Trust SMID Cap Rising Dividend Archievers ETF by 138.9% in the fourth quarter. Pineridge Advisors LLC now owns 762 shares of the company’s stock valued at $27,000 after purchasing an additional 443 shares in the last quarter. Finally, FSC Wealth Advisors LLC bought a new stake in First Trust SMID Cap Rising Dividend Archievers ETF during the fourth quarter valued at approximately $29,000.

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.