First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) Sets New 1-Year High at $59.11

First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) shares reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $59.11 and last traded at $58.79, with a volume of 54471 shares. The stock had previously closed at $58.01.

First Trust NASDAQ Rising Dividend Achievers Stock Down 0.8 %

The business has a fifty day simple moving average of $57.00 and a 200-day simple moving average of $55.52. The firm has a market cap of $11.69 billion, a P/E ratio of 10.08 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, June 27th were issued a dividend of $0.2616 per share. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $1.05 annualized dividend and a dividend yield of 1.78%.

Hedge Funds Weigh In On First Trust NASDAQ Rising Dividend Achievers

Several institutional investors and hedge funds have recently modified their holdings of RDVY. Great Lakes Advisors LLC bought a new position in shares of First Trust NASDAQ Rising Dividend Achievers during the fourth quarter valued at $239,000. Brown Advisory Inc. increased its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 4.8% during the fourth quarter. Brown Advisory Inc. now owns 28,756 shares of the company’s stock valued at $1,486,000 after acquiring an additional 1,323 shares in the last quarter. Assetmark Inc. increased its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 20.6% during the fourth quarter. Assetmark Inc. now owns 53,108 shares of the company’s stock valued at $2,744,000 after acquiring an additional 9,061 shares in the last quarter. US Bancorp DE increased its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 107.5% during the fourth quarter. US Bancorp DE now owns 305,539 shares of the company’s stock valued at $15,790,000 after acquiring an additional 158,285 shares in the last quarter. Finally, ProVise Management Group LLC increased its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 25.5% during the fourth quarter. ProVise Management Group LLC now owns 6,760 shares of the company’s stock valued at $349,000 after acquiring an additional 1,372 shares in 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.