First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) Reaches New 52-Week High Following Dividend Announcement

Shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) hit a new 52-week high on Thursday following a dividend announcement from the company. The stock traded as high as $80.17 and last traded at $80.03, with a volume of 429811 shares trading hands. The stock had previously closed at $78.94.

The newly announced dividend which will be paid on Tuesday, June 30th. Investors of record on Thursday, June 25th will be paid a dividend of $0.1474 per share. The ex-dividend date of this dividend is Thursday, June 25th. This represents a $0.59 annualized dividend and a yield of 0.7%.

First Trust Rising Dividend Achievers ETF Price Performance

The firm has a market capitalization of $23.29 billion, a price-to-earnings ratio of 15.46 and a beta of 1.01. The business’s fifty day simple moving average is $75.87 and its 200 day simple moving average is $72.67.

Institutional Investors Weigh In On First Trust Rising Dividend Achievers ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Financial Perspectives Inc bought a new position in shares of First Trust Rising Dividend Achievers ETF during the 4th quarter worth approximately $26,000. Huntington National Bank grew its holdings in shares of First Trust Rising Dividend Achievers ETF by 37,000.0% in the fourth quarter. Huntington National Bank now owns 371 shares of the company’s stock valued at $26,000 after acquiring an additional 370 shares in the last quarter. Trust Co. of Vermont purchased a new stake in shares of First Trust Rising Dividend Achievers ETF during the fourth quarter valued at approximately $27,000. United Community Bank bought a new stake in First Trust Rising Dividend Achievers ETF during the fourth quarter worth $28,000. Finally, Bessemer Group Inc. purchased a new position in First Trust Rising Dividend Achievers ETF in the first quarter worth $29,000.

First Trust Rising Dividend Achievers ETF Company Profile

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.