First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) Sets New 12-Month High – What’s Next?

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

First Trust Rising Dividend Achievers ETF Trading Up 1.1%

The firm’s 50-day moving average is $72.14 and its two-hundred day moving average is $71.03. The stock has a market cap of $22.35 billion, a price-to-earnings ratio of 15.46 and a beta of 1.02.

First Trust Rising Dividend Achievers ETF Cuts Dividend

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

Institutional Trading of First Trust Rising Dividend Achievers ETF

Large investors have recently bought and sold shares of the business. Financial Perspectives Inc purchased a new stake in First Trust Rising Dividend Achievers ETF during the 4th quarter valued at about $26,000. Huntington National Bank grew its stake in shares of 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 buying an additional 370 shares during the period. Trust Co. of Vermont purchased a new stake in shares of First Trust Rising Dividend Achievers ETF in the 4th quarter valued at approximately $27,000. Cullen Frost Bankers Inc. purchased a new stake in shares of First Trust Rising Dividend Achievers ETF in the 3rd quarter valued at approximately $28,000. Finally, United Community Bank purchased a new stake in shares of First Trust Rising Dividend Achievers ETF in the 4th quarter valued at approximately $28,000.

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.