First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) Reaches New 1-Year High – Time to Buy?

First Trust Rising Dividend Achievers ETF (NASDAQ:RDVYGet Free Report) hit a new 52-week high during trading on Monday . The company traded as high as $71.41 and last traded at $71.6140, with a volume of 282013 shares traded. The stock had previously closed at $70.15.

First Trust Rising Dividend Achievers ETF Stock Performance

The firm’s 50 day moving average is $68.65 and its 200-day moving average is $66.36. The stock has a market capitalization of $19.67 billion, a price-to-earnings ratio of 15.46 and a beta of 1.10.

First Trust Rising Dividend Achievers ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were given a $0.1996 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.1%. This is an increase from First Trust Rising Dividend Achievers ETF’s previous quarterly dividend of $0.15. The ex-dividend date was Friday, December 12th.

Hedge Funds Weigh In On First Trust Rising Dividend Achievers ETF

Several institutional investors and hedge funds have recently modified their holdings of RDVY. First Horizon Corp acquired a new stake in First Trust Rising Dividend Achievers ETF in the third quarter valued at approximately $25,000. Cullen Frost Bankers Inc. purchased a new position in shares of First Trust Rising Dividend Achievers ETF during the 3rd quarter valued at approximately $28,000. Farmers & Merchants Investments Inc. acquired a new stake in First Trust Rising Dividend Achievers ETF in the 2nd quarter valued at $26,000. Compass Financial Services Inc acquired a new stake in First Trust Rising Dividend Achievers ETF in the 1st quarter valued at $26,000. Finally, Mather Group LLC. purchased a new stake in First Trust Rising Dividend Achievers ETF in the 3rd quarter worth $31,000.

About First Trust Rising Dividend Achievers ETF

(Get Free Report)

The First Trust Rising Dividend Achievers ETF (RDVY) is an exchange-traded fund that is based on the NASDAQ US Rising Dividend Achievers index. The fund tracks an index of 50 large-cap stocks with rising, high-quality dividends. RDVY was launched on Jan 6, 2014 and is managed by First Trust.

Further Reading

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