First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) Sets New 1-Year Low – Here’s What Happened

First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) shares hit a new 52-week low during trading on Friday . The company traded as low as $52.73 and last traded at $53.86, with a volume of 681630 shares trading hands. The stock had previously closed at $55.89.

First Trust NASDAQ Rising Dividend Achievers Trading Down 4.9 %

The company has a market capitalization of $12.14 billion, a price-to-earnings ratio of 14.89 and a beta of 1.15. The company has a 50 day moving average price of $60.63 and a 200 day moving average price of $60.68.

First Trust NASDAQ Rising Dividend Achievers Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were issued a $0.2544 dividend. This is a boost from First Trust NASDAQ Rising Dividend Achievers’s previous quarterly dividend of $0.19. The ex-dividend date was Thursday, March 27th. This represents a $1.02 annualized dividend and a yield of 1.91%.

Institutional Trading of First Trust NASDAQ Rising Dividend Achievers

Several institutional investors and hedge funds have recently added to or reduced their stakes in RDVY. FMR LLC raised its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 13.8% during the third quarter. FMR LLC now owns 23,339 shares of the company’s stock worth $1,382,000 after buying an additional 2,822 shares during the last quarter. Captrust Financial Advisors acquired a new stake in First Trust NASDAQ Rising Dividend Achievers during the 3rd quarter worth $247,000. Stifel Financial Corp raised its position in shares of First Trust NASDAQ Rising Dividend Achievers by 2.2% during the 3rd quarter. Stifel Financial Corp now owns 1,675,769 shares of the company’s stock valued at $99,224,000 after acquiring an additional 35,479 shares during the last quarter. Wills Financial Group Inc. lifted its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 4.9% in the 3rd quarter. Wills Financial Group Inc. now owns 4,544 shares of the company’s stock valued at $269,000 after purchasing an additional 213 shares during the period. Finally, Insigneo Advisory Services LLC boosted its position in shares of First Trust NASDAQ Rising Dividend Achievers by 19.9% in the 3rd quarter. Insigneo Advisory Services LLC now owns 22,989 shares of the company’s stock worth $1,361,000 after purchasing an additional 3,813 shares during the last quarter.

About First Trust NASDAQ Rising Dividend Achievers

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.