First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) Sees Large Volume Increase

First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) shares saw strong trading volume on Tuesday . Approximately 1,576,393 shares were traded during trading, an increase of 473% from the previous session’s volume of 274,921 shares.The stock last traded at $28.81 and had previously closed at $28.84.

First Trust SMID Cap Rising Dividend Archievers ETF Stock Down 0.3 %

The stock has a market capitalization of $1.24 billion, a PE ratio of 7.66 and a beta of 1.18. The firm has a 50 day moving average price of $29.49 and a 200 day moving average price of $27.55.

First Trust SMID Cap Rising Dividend Archievers ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 30th. Stockholders of record on Wednesday, June 28th were issued a $0.2077 dividend. The ex-dividend date was Tuesday, June 27th. This is a positive change from First Trust SMID Cap Rising Dividend Archievers ETF’s previous quarterly dividend of $0.13. This represents a $0.83 annualized dividend and a dividend yield of 2.89%.

Hedge Funds Weigh In On First Trust SMID Cap Rising Dividend Archievers ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. LPL Financial LLC lifted its stake in First Trust SMID Cap Rising Dividend Archievers ETF by 12.1% in the first quarter. LPL Financial LLC now owns 6,384,521 shares of the company’s stock valued at $170,152,000 after purchasing an additional 687,510 shares during the last quarter. Raymond James & Associates boosted its holdings in First Trust SMID Cap Rising Dividend Archievers ETF by 5.9% in the 1st quarter. Raymond James & Associates now owns 2,009,896 shares of the company’s stock worth $53,565,000 after buying an additional 112,340 shares during the period. Wells Fargo & Company MN grew its stake in First Trust SMID Cap Rising Dividend Archievers ETF by 3.4% in the 2nd quarter. Wells Fargo & Company MN now owns 1,516,703 shares of the company’s stock valued at $42,938,000 after buying an additional 50,079 shares in the last quarter. Osaic Holdings Inc. raised its holdings in First Trust SMID Cap Rising Dividend Archievers ETF by 61.5% during the 2nd quarter. Osaic Holdings Inc. now owns 1,390,196 shares of the company’s stock valued at $39,358,000 after acquiring an additional 529,592 shares during the period. Finally, Envestnet Asset Management Inc. lifted its position in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 40.1% during the second quarter. Envestnet Asset Management Inc. now owns 1,106,996 shares of the company’s stock worth $31,339,000 after acquiring an additional 316,695 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.