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

First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY)’s stock price hit 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 traded. The stock had previously closed at $80.49.

First Trust Rising Dividend Achievers ETF Stock Up 0.7%

The stock has a market cap of $23.81 billion, a P/E ratio of 15.46 and a beta of 1.01. The company’s 50 day moving average price is $76.15 and its two-hundred day moving average price is $72.86.

First Trust Rising Dividend Achievers ETF Cuts Dividend

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

Institutional Investors Weigh In On First Trust Rising Dividend Achievers ETF

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