First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) Share Price Crosses Above Fifty Day Moving Average – Time to Sell?

First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) passed above its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of $79.87 and traded as high as $81.17. First Trust Rising Dividend Achievers ETF shares last traded at $81.09, with a volume of 1,409,487 shares changing hands.

First Trust Rising Dividend Achievers ETF Trading Up 1.7%

The stock’s 50 day moving average price is $79.87 and its two-hundred day moving average price is $76.52. The firm has a market capitalization of $26.08 billion, a PE ratio of 15.46 and a beta of 1.01.

First Trust Rising Dividend Achievers ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th were issued a dividend of $0.1521 per share. This is a boost from First Trust Rising Dividend Achievers ETF’s previous quarterly dividend of $0.1474. The ex-dividend date was Thursday, September 24th. This represents a $0.61 dividend on an annualized basis and a yield of 0.8%.

Hedge Funds Weigh In On First Trust Rising Dividend Achievers ETF

A number of institutional investors have recently made changes to their positions in the stock. Kings Path Partners LLC purchased a new stake in First Trust Rising Dividend Achievers ETF during the 3rd quarter worth about $27,000. Bessemer Group Inc. purchased a new position in shares of First Trust Rising Dividend Achievers ETF during the 1st quarter worth about $29,000. Anchor Investment Management LLC acquired a new position in shares of First Trust Rising Dividend Achievers ETF in the 1st quarter valued at $34,000. Allspring Global Investments Holdings LLC boosted its holdings in First Trust Rising Dividend Achievers ETF by 255.3% in the third quarter. Allspring Global Investments Holdings LLC now owns 533 shares of the company’s stock valued at $42,000 after acquiring an additional 383 shares during the last quarter. Finally, Rosenberg Matthew Hamilton acquired a new position in shares of First Trust Rising Dividend Achievers ETF in the 3rd quarter valued at about $43,000.

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.