First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) Reaches New 52-Week High – Time to Buy?

First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) shares reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $80.17 and last traded at $80.03, with a volume of 429811 shares traded. The stock had previously closed at $78.94.

First Trust Rising Dividend Achievers ETF Price Performance

The stock has a market capitalization of $23.41 billion, a P/E ratio of 15.46 and a beta of 1.01. The company’s 50-day simple moving average is $75.63 and its 200-day simple moving average is $72.55.

Hedge Funds Weigh In On First Trust Rising Dividend Achievers ETF

A number of institutional investors have recently bought and sold shares of RDVY. Huntington National Bank increased its holdings in shares of First Trust Rising Dividend Achievers ETF by 37,000.0% during the 4th quarter. Huntington National Bank now owns 371 shares of the company’s stock worth $26,000 after acquiring an additional 370 shares during the last quarter. Financial Perspectives Inc acquired a new stake in First Trust Rising Dividend Achievers ETF during the 4th quarter valued at $26,000. Trust Co. of Vermont acquired a new stake in First Trust Rising Dividend Achievers ETF during the 4th quarter valued at $27,000. United Community Bank bought a new stake in shares of First Trust Rising Dividend Achievers ETF during the 4th quarter worth about $28,000. Finally, Bessemer Group Inc. bought a new stake in shares of First Trust Rising Dividend Achievers ETF during the first quarter worth approximately $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.