First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) Reaches New 12-Month High – Here’s What Happened

First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) shares hit a new 52-week high on Thursday . The company traded as high as $73.05 and last traded at $72.8350, with a volume of 160428 shares traded. The stock had previously closed at $71.99.

First Trust Rising Dividend Achievers ETF Trading Up 1.4%

The business has a 50 day moving average of $69.21 and a 200-day moving average of $66.76. The stock has a market cap of $20.24 billion, a PE ratio of 15.46 and a beta of 1.10.

First Trust Rising Dividend Achievers ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were given a $0.1996 dividend. This is an increase from First Trust Rising Dividend Achievers ETF’s previous quarterly dividend of $0.15. This represents a $0.80 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Friday, December 12th.

Institutional Trading of First Trust Rising Dividend Achievers ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RDVY. Confluence Wealth Services Inc. boosted its stake in shares of First Trust Rising Dividend Achievers ETF by 1.2% during the 3rd quarter. Confluence Wealth Services Inc. now owns 12,638 shares of the company’s stock worth $850,000 after purchasing an additional 153 shares during the last quarter. Quad Cities Investment Group LLC lifted its stake in shares of First Trust Rising Dividend Achievers ETF by 0.7% during the fourth quarter. Quad Cities Investment Group LLC now owns 21,219 shares of the company’s stock valued at $1,474,000 after buying an additional 157 shares during the period. Allworth Financial LP lifted its stake in shares of First Trust Rising Dividend Achievers ETF by 0.3% during the third quarter. Allworth Financial LP now owns 59,767 shares of the company’s stock valued at $4,020,000 after buying an additional 159 shares during the period. Howard Bailey Securities LLC boosted its position in First Trust Rising Dividend Achievers ETF by 4.6% during the third quarter. Howard Bailey Securities LLC now owns 3,673 shares of the company’s stock worth $247,000 after acquiring an additional 160 shares during the last quarter. Finally, Insigneo Advisory Services LLC grew its stake in 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 acquiring an additional 163 shares during the period.

About First Trust Rising Dividend Achievers ETF

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.