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

First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY)’s share price reached a new 52-week high on Tuesday . The stock traded as high as $77.48 and last traded at $77.47, with a volume of 172731 shares traded. The stock had previously closed at $76.03.

First Trust Rising Dividend Achievers ETF Trading Down 1.4%

The company has a market cap of $22.23 billion, a PE ratio of 15.46 and a beta of 1.01. The firm has a 50 day moving average of $73.93 and a two-hundred day moving average of $71.79.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were paid a $0.1813 dividend. The ex-dividend date was Thursday, March 26th. This represents a $0.73 annualized dividend and a dividend yield of 1.0%.

Institutional Trading of First Trust Rising Dividend Achievers ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Basepoint Wealth LLC grew its stake in shares of First Trust Rising Dividend Achievers ETF by 4.5% in 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 during the last quarter. Retirement Planning Group LLC grew its stake in shares of 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 last quarter. Quad Cities Investment Group LLC grew its stake in shares of First Trust Rising Dividend Achievers ETF by 0.7% in the 4th quarter. Quad Cities Investment Group LLC now owns 21,219 shares of the company’s stock worth $1,474,000 after buying an additional 157 shares during the last quarter. Allworth Financial LP grew its stake in shares of First Trust Rising Dividend Achievers ETF by 0.3% in the 3rd quarter. Allworth Financial LP now owns 59,767 shares of the company’s stock worth $4,020,000 after buying an additional 159 shares during the last quarter. Finally, Insigneo Advisory Services LLC grew its stake in shares of 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 worth $1,342,000 after buying an additional 163 shares during 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.