First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) Reaches New 1-Year High – Still a Buy?

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 $60.94 and last traded at $60.59, with a volume of 43973 shares. The stock had previously closed at $60.79.

First Trust NASDAQ Rising Dividend Achievers Price Performance

The stock has a 50 day moving average price of $58.02 and a two-hundred day moving average price of $56.13. The company has a market capitalization of $12.39 billion, a price-to-earnings ratio of 10.08 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were given 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.

Institutional Trading of First Trust NASDAQ Rising Dividend Achievers

Several hedge funds have recently modified their holdings of the stock. BNP Paribas Financial Markets lifted its holdings in First Trust NASDAQ Rising Dividend Achievers by 24,700.0% during the 1st quarter. BNP Paribas Financial Markets now owns 496 shares of the company’s stock worth $28,000 after buying an additional 494 shares in the last quarter. Headlands Technologies LLC bought a new stake in shares of First Trust NASDAQ Rising Dividend Achievers during the 2nd quarter valued at $29,000. Kings Path Partners LLC acquired a new position in shares of First Trust NASDAQ Rising Dividend Achievers in the 2nd quarter valued at approximately $31,000. Russell Investments Group Ltd. acquired a new stake in First Trust NASDAQ Rising Dividend Achievers during the 1st quarter worth approximately $34,000. Finally, Rothschild Investment LLC acquired a new stake in First Trust NASDAQ Rising Dividend Achievers during the 2nd quarter worth approximately $34,000.

About First Trust NASDAQ Rising Dividend Achievers

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.