First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) Sets New 52-Week High – Here’s Why

First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY – Get Free Report)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $76.00 and last traded at $75.99, with a volume of 79910 shares. The stock had previously closed at $75.24.

First Trust Rising Dividend Achievers ETF Stock Performance

The business’s 50 day moving average is $72.44 and its 200 day moving average is $71.15. The stock has a market cap of $22.23 billion, a price-to-earnings ratio of 15.46 and a beta of 1.02.

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First Trust Rising Dividend Achievers ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were paid a $0.1813 dividend. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $0.73 dividend on an annualized basis and a yield of 1.0%.

Hedge Funds Weigh In On First Trust Rising Dividend Achievers ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Basepoint Wealth LLC boosted its stake in First Trust Rising Dividend Achievers ETF by 4.5% in the 1st quarter. Basepoint Wealth LLC now owns 3,187 shares of the company’s stock worth $218,000 after purchasing an additional 136 shares during the period. Retirement Planning Group LLC boosted its stake in First Trust Rising Dividend Achievers ETF by 1.8% in the 1st quarter. Retirement Planning Group LLC now owns 8,013 shares of the company’s stock worth $547,000 after purchasing an additional 138 shares during the period. Quad Cities Investment Group LLC lifted its position in First Trust Rising Dividend Achievers ETF by 0.7% in the 4th quarter. Quad Cities Investment Group LLC now owns 21,219 shares of the company’s stock worth $1,474,000 after buying an additional 157 shares in the last quarter. Allworth Financial LP lifted its position in First Trust Rising Dividend Achievers ETF by 0.3% in the 3rd quarter. Allworth Financial LP now owns 59,767 shares of the company’s stock worth $4,020,000 after buying an additional 159 shares in the last quarter. Finally, Howard Bailey Securities LLC lifted its position in First Trust Rising Dividend Achievers ETF by 4.6% in the 3rd quarter. Howard Bailey Securities LLC now owns 3,673 shares of the company’s stock worth $247,000 after buying an additional 160 shares in the last quarter.

First Trust Rising Dividend Achievers ETF Company Profile

(Get Free Report)

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.

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