First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) Hits New 1-Year High – Here’s Why

First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)’s stock price reached a new 52-week high during trading on Friday . The stock traded as high as $59.62 and last traded at $59.59, with a volume of 58532 shares changing hands. The stock had previously closed at $58.78.

First Trust NASDAQ Rising Dividend Achievers Trading Up 1.2 %

The firm has a 50-day simple moving average of $57.30 and a two-hundred day simple moving average of $55.87. The company has a market capitalization of $12.16 billion, a price-to-earnings ratio of 10.08 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were issued a dividend of $0.1912 per share. This represents a $0.76 annualized dividend and a yield of 1.29%. The ex-dividend date of this dividend was Thursday, September 26th.

Institutional Investors Weigh In On First Trust NASDAQ Rising Dividend Achievers

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. HBW Advisory Services LLC grew its position in First Trust NASDAQ Rising Dividend Achievers by 138.4% during the third quarter. HBW Advisory Services LLC now owns 102,639 shares of the company’s stock valued at $6,077,000 after buying an additional 59,586 shares during the period. Private Client Services LLC purchased a new stake in shares of First Trust NASDAQ Rising Dividend Achievers during the 3rd quarter worth about $260,000. Centaurus Financial Inc. grew its position in shares of First Trust NASDAQ Rising Dividend Achievers by 8.8% during the 2nd quarter. Centaurus Financial Inc. now owns 7,554 shares of the company’s stock valued at $414,000 after acquiring an additional 609 shares during the period. Sanctuary Advisors LLC acquired a new stake in shares of First Trust NASDAQ Rising Dividend Achievers during the 2nd quarter valued at about $11,844,000. Finally, KPP Advisory Services LLC increased its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 65.9% in the 2nd quarter. KPP Advisory Services LLC now owns 16,101 shares of the company’s stock valued at $882,000 after purchasing an additional 6,398 shares in the last quarter.

First Trust NASDAQ Rising Dividend Achievers 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.