First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) Sets New 1-Year High – Should You Buy?

First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)’s stock price reached a new 52-week high during trading on Friday . The company 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 Trading Up 1.5 %

The business’s fifty day moving average price is $57.42 and its 200 day moving average price is $55.96. The company has a market capitalization of $12.30 billion, a P/E ratio of 10.08 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The company also recently declared 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 1.27%. The ex-dividend date was Thursday, September 26th.

Hedge Funds Weigh In On First Trust NASDAQ Rising Dividend Achievers

Several institutional investors have recently added to or reduced their stakes in the company. Redhawk Wealth Advisors Inc. lifted its holdings in First Trust NASDAQ Rising Dividend Achievers by 22.5% during the 3rd quarter. Redhawk Wealth Advisors Inc. now owns 128,336 shares of the company’s stock valued at $7,599,000 after purchasing an additional 23,532 shares during the last quarter. Wagner Wealth Management LLC lifted its holdings in First Trust NASDAQ Rising Dividend Achievers by 5.1% during the 3rd quarter. Wagner Wealth Management LLC now owns 161,468 shares of the company’s stock valued at $9,561,000 after purchasing an additional 7,829 shares during the last quarter. Willner & Heller LLC lifted its holdings in First Trust NASDAQ Rising Dividend Achievers by 5.9% during the 3rd quarter. Willner & Heller LLC now owns 51,915 shares of the company’s stock valued at $3,074,000 after purchasing an additional 2,889 shares during the last quarter. Koshinski Asset Management Inc. raised its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 1.7% in the third quarter. Koshinski Asset Management Inc. now owns 505,227 shares of the company’s stock worth $29,915,000 after acquiring an additional 8,515 shares during the last quarter. Finally, Next Level Private LLC raised its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 5.4% in the third quarter. Next Level Private LLC now owns 247,080 shares of the company’s stock worth $14,630,000 after acquiring an additional 12,658 shares during 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.