First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) Sees Large Volume Increase – Here’s Why

First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) saw strong trading volume on Friday . 1,441,384 shares changed hands during trading, a decline of 15% from the previous session’s volume of 1,693,452 shares.The stock last traded at $37.67 and had previously closed at $37.43.

First Trust SMID Cap Rising Dividend Archievers ETF Price Performance

The company has a market cap of $8.09 billion, a PE ratio of 8.30 and a beta of 1.18. The stock’s 50-day moving average is $37.63 and its 200 day moving average is $36.17.

First Trust SMID Cap Rising Dividend Archievers ETF Announces Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were issued a dividend of $0.1821 per share. The ex-dividend date of this dividend was Friday, December 13th.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. LPL Financial LLC lifted its stake in First Trust SMID Cap Rising Dividend Archievers ETF by 17.1% during the 3rd quarter. LPL Financial LLC now owns 17,987,114 shares of the company’s stock valued at $654,371,000 after acquiring an additional 2,628,717 shares during the period. Park National Corp OH lifted its position in First Trust SMID Cap Rising Dividend Archievers ETF by 292.0% during the third quarter. Park National Corp OH now owns 2,531,035 shares of the company’s stock valued at $92,079,000 after purchasing an additional 1,885,435 shares during the period. Raymond James & Associates grew its position in First Trust SMID Cap Rising Dividend Archievers ETF by 18.8% during the 3rd quarter. Raymond James & Associates now owns 4,234,856 shares of the company’s stock worth $154,064,000 after purchasing an additional 669,172 shares during the period. Cetera Investment Advisers lifted its holdings in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 31.6% in the 2nd quarter. Cetera Investment Advisers now owns 2,421,412 shares of the company’s stock valued at $80,827,000 after buying an additional 580,783 shares during the period. Finally, Advance Capital Management Inc. purchased a new stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF in the fourth quarter worth about $17,603,000.

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.