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

First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $80.28 and last traded at $80.28, with a volume of 242 shares changing hands. The stock had previously closed at $78.58.

First Trust Rising Dividend Achievers ETF Stock Performance

The company has a market capitalization of $23.22 billion, a PE ratio of 15.46 and a beta of 1.01. The firm’s 50-day simple moving average is $74.73 and its 200 day simple moving average is $72.11.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were given a dividend of $0.1813 per share. This represents a $0.73 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Thursday, March 26th.

Institutional Investors Weigh In On First Trust Rising Dividend Achievers ETF

Several institutional investors and hedge funds have recently made changes to their positions in RDVY. Financial Perspectives Inc purchased a new stake in shares of First Trust Rising Dividend Achievers ETF in the 4th quarter worth about $26,000. Huntington National Bank lifted its holdings in First Trust Rising Dividend Achievers ETF by 37,000.0% in the 4th quarter. Huntington National Bank now owns 371 shares of the company’s stock valued at $26,000 after purchasing an additional 370 shares in the last quarter. Trust Co. of Vermont acquired a new position in shares of First Trust Rising Dividend Achievers ETF during the 4th quarter valued at about $27,000. United Community Bank acquired a new position in shares of First Trust Rising Dividend Achievers ETF during the 4th quarter valued at about $28,000. Finally, Bessemer Group Inc. acquired a new position in shares of First Trust Rising Dividend Achievers ETF during the 1st quarter valued at about $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.