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

First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY)’s share price reached a new 52-week high during trading on Monday . The company traded as high as $68.51 and last traded at $68.4950, with a volume of 517592 shares. The stock had previously closed at $68.33.

First Trust Rising Dividend Achievers ETF Stock Down 0.2%

The stock has a fifty day moving average of $67.09 and a 200-day moving average of $64.62. The firm has a market capitalization of $17.82 billion, a P/E ratio of 15.46 and a beta of 1.10.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Thursday, September 25th were paid a $0.1487 dividend. This represents a $0.59 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Thursday, September 25th.

Institutional Trading of First Trust Rising Dividend Achievers ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Confluence Wealth Services Inc. raised its position in First Trust Rising Dividend Achievers ETF by 1.2% during the third quarter. Confluence Wealth Services Inc. now owns 12,638 shares of the company’s stock valued at $850,000 after acquiring an additional 153 shares in the last quarter. Howard Bailey Securities LLC lifted its position in shares of First Trust Rising Dividend Achievers ETF by 4.6% during the 3rd quarter. Howard Bailey Securities LLC now owns 3,673 shares of the company’s stock worth $247,000 after purchasing an additional 160 shares during the last quarter. WealthCare Investment Partners LLC grew its stake in shares of First Trust Rising Dividend Achievers ETF by 0.3% in the second quarter. WealthCare Investment Partners LLC now owns 59,562 shares of the company’s stock worth $3,799,000 after acquiring an additional 161 shares during the last quarter. Insigneo Advisory Services LLC increased its holdings in shares of First Trust Rising Dividend Achievers ETF by 0.8% during the 3rd quarter. Insigneo Advisory Services LLC now owns 19,956 shares of the company’s stock worth $1,342,000 after purchasing an additional 163 shares during the period. Finally, Raleigh Capital Management Inc. raised its holdings in First Trust Rising Dividend Achievers ETF by 34.2% in the 2nd quarter. Raleigh Capital Management Inc. now owns 648 shares of the company’s stock valued at $41,000 after acquiring an additional 165 shares in the last quarter.

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.