First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) Hits New 12-Month High – Time to Buy?

First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) shares reached a new 52-week high during trading on Wednesday . The company traded as high as $81.36 and last traded at $81.06, with a volume of 2008539 shares trading hands. The stock had previously closed at $80.49.

First Trust Rising Dividend Achievers ETF Price Performance

The stock has a market capitalization of $23.81 billion, a PE ratio of 15.46 and a beta of 1.01. The firm has a fifty day moving average price of $76.15 and a two-hundred day moving average price of $72.86.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were given a $0.1474 dividend. This represents a $0.59 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Thursday, June 25th.

Institutional Trading of First Trust Rising Dividend Achievers ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. Basepoint Wealth LLC grew its holdings in shares of First Trust Rising Dividend Achievers ETF by 4.5% in the first quarter. Basepoint Wealth LLC now owns 3,187 shares of the company’s stock worth $218,000 after purchasing an additional 136 shares during the last quarter. Retirement Planning Group LLC increased its stake in First Trust Rising Dividend Achievers ETF by 1.8% in the 1st quarter. Retirement Planning Group LLC now owns 8,013 shares of the company’s stock worth $547,000 after buying an additional 138 shares during the period. Quad Cities Investment Group LLC lifted its holdings in First Trust Rising Dividend Achievers ETF by 0.7% during the 4th quarter. Quad Cities Investment Group LLC now owns 21,219 shares of the company’s stock valued at $1,474,000 after buying an additional 157 shares in the last quarter. Allworth Financial LP lifted its holdings in First Trust Rising Dividend Achievers ETF by 0.3% during the 3rd quarter. Allworth Financial LP now owns 59,767 shares of the company’s stock valued at $4,020,000 after buying an additional 159 shares in the last quarter. Finally, Insigneo Advisory Services LLC boosted its position in First Trust Rising Dividend Achievers ETF by 0.8% in the 3rd quarter. Insigneo Advisory Services LLC now owns 19,956 shares of the company’s stock valued at $1,342,000 after buying an additional 163 shares during the period.

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.