About First Trust SMID Cap Rising Dividend Achievers ETF (SDVY)

First Trust SMID Cap Rising Dividend Achievers ETF (SDVY) is an exchange-traded fund that seeks to provide investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an index called the NASDAQ US Rising Dividend Achievers Index. This index includes companies with a market capitalization between $500 million and $10 billion that have a history of increasing their dividends. SDVY focuses on small and mid-cap stocks, which provides investors with exposure to companies that have the potential for growth. The fund is designed to provide a balance between capital appreciation and income by investing in dividend-paying securities. SDVY has an expense ratio of 0.60%, making it a cost-effective option for investors looking for exposure to rising dividend achievers in the SMID cap segment.

SDVY's market cap, or the total value of its outstanding shares, is approximately [market cap]. This is an important metric to consider when evaluating the fund's size and scale. SDVY's market cap can impact its liquidity, as larger funds tend to have more trading volume. It can also affect the fund's ability to track its underlying index accurately. Investors should keep in mind that market cap can change over time as the fund's share price fluctuates and new shares are issued or redeemed. It is essential to monitor these changes to understand the fund's current market cap.