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

Shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) hit a new 52-week high during trading on Friday . The stock traded as high as $59.90 and last traded at $59.88, with a volume of 80304 shares traded. The stock had previously closed at $59.25.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

The firm’s 50 day moving average price is $57.52 and its two-hundred day moving average price is $56.00. The company has a market cap of $12.29 billion, a P/E ratio of 10.08 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were paid a $0.1912 dividend. This represents a $0.76 annualized dividend and a yield of 1.27%. The ex-dividend date was Thursday, September 26th.

Hedge Funds Weigh In On First Trust NASDAQ Rising Dividend Achievers

Several institutional investors have recently made changes to their positions in the stock. Consolidated Portfolio Review Corp lifted its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 7.9% in the 2nd quarter. Consolidated Portfolio Review Corp now owns 118,045 shares of the company’s stock worth $6,463,000 after purchasing an additional 8,618 shares in the last quarter. tru Independence LLC lifted its position in First Trust NASDAQ Rising Dividend Achievers by 19.6% in the 1st quarter. tru Independence LLC now owns 130,761 shares of the company’s stock valued at $7,345,000 after acquiring an additional 21,436 shares in the last quarter. Willner & Heller LLC bought a new position in First Trust NASDAQ Rising Dividend Achievers in the 4th quarter valued at about $1,957,000. Blair William & Co. IL boosted its stake in First Trust NASDAQ Rising Dividend Achievers by 9.3% during the 1st quarter. Blair William & Co. IL now owns 351,981 shares of the company’s stock valued at $19,771,000 after purchasing an additional 30,086 shares during the last quarter. Finally, Williams Financial LLC bought a new stake in First Trust NASDAQ Rising Dividend Achievers during the second quarter worth $765,000.

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.