First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) Reaches New 52-Week High – What’s Next?

First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $83.99 and last traded at $83.34, with a volume of 1241600 shares traded. The stock had previously closed at $83.20.

First Trust Rising Dividend Achievers ETF Price Performance

The company’s 50 day moving average price is $79.19 and its 200 day moving average price is $74.62. The firm has a market cap of $25.56 billion, a PE ratio of 15.46 and a beta of 1.00.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were paid a dividend of $0.1474 per share. This represents a $0.59 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Thursday, June 25th.

Hedge Funds Weigh In On First Trust Rising Dividend Achievers ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cary Street Partners Financial LLC grew its stake in shares of First Trust Rising Dividend Achievers ETF by 10.8% in the second quarter. Cary Street Partners Financial LLC now owns 43,493 shares of the company’s stock worth $3,526,000 after acquiring an additional 4,225 shares in the last quarter. Vaquero Private Wealth Ltd. acquired a new stake in shares of First Trust Rising Dividend Achievers ETF in the second quarter valued at $392,000. Farther Finance Advisors LLC boosted its holdings in First Trust Rising Dividend Achievers ETF by 1.3% in the second quarter. Farther Finance Advisors LLC now owns 168,167 shares of the company’s stock valued at $13,631,000 after purchasing an additional 2,103 shares during the period. O Connor Financial Group LLC boosted its holdings in First Trust Rising Dividend Achievers ETF by 0.9% in the second quarter. O Connor Financial Group LLC now owns 156,498 shares of the company’s stock valued at $12,686,000 after purchasing an additional 1,339 shares during the period. Finally, HBW Advisory Services LLC grew its stake in First Trust Rising Dividend Achievers ETF by 11.0% during the 2nd quarter. HBW Advisory Services LLC now owns 174,558 shares of the company’s stock worth $14,150,000 after purchasing an additional 17,345 shares in the last quarter.

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.