First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) Reaches New 52-Week High – Still a Buy?

Shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) hit a new 52-week high on Friday . The stock traded as high as $63.78 and last traded at $63.72, with a volume of 735607 shares traded. The stock had previously closed at $63.08.

First Trust NASDAQ Rising Dividend Achievers Trading Up 1.0 %

The firm has a market capitalization of $13.14 billion, a P/E ratio of 10.08 and a beta of 1.15. The firm has a 50-day moving average of $60.18 and a two-hundred day moving average of $57.36.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were given a dividend of $0.1912 per share. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $0.76 annualized dividend and a dividend yield of 1.20%.

Institutional Trading of First Trust NASDAQ Rising Dividend Achievers

Institutional investors and hedge funds have recently modified their holdings of the business. Consolidated Portfolio Review Corp lifted its position in shares of First Trust NASDAQ Rising Dividend Achievers by 7.9% during the 2nd quarter. Consolidated Portfolio Review Corp now owns 118,045 shares of the company’s stock worth $6,463,000 after buying an additional 8,618 shares during the last quarter. Williams Financial LLC acquired a new position in First Trust NASDAQ Rising Dividend Achievers in the 2nd quarter worth about $765,000. Atria Investments Inc increased its holdings in First Trust NASDAQ Rising Dividend Achievers by 28.0% in the 1st quarter. Atria Investments Inc now owns 97,657 shares of the company’s stock worth $5,485,000 after purchasing an additional 21,379 shares in the last quarter. Raymond James & Associates increased its holdings in First Trust NASDAQ Rising Dividend Achievers by 2.3% in the 2nd quarter. Raymond James & Associates now owns 2,818,055 shares of the company’s stock worth $154,289,000 after purchasing an additional 64,200 shares in the last quarter. Finally, Spectrum Wealth Advisory Group LLC acquired a new position in First Trust NASDAQ Rising Dividend Achievers in the 3rd quarter worth about $12,392,000.

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.