First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) Reaches New 12-Month High – Time to Buy?

First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)’s share price hit a new 52-week high during trading on Wednesday . The company traded as high as $61.00 and last traded at $61.00, with a volume of 227 shares traded. The stock had previously closed at $59.70.

First Trust NASDAQ Rising Dividend Achievers Trading Down 1.0 %

The company has a market cap of $12.93 billion, a price-to-earnings ratio of 10.08 and a beta of 1.15. The company’s 50 day moving average price is $58.95 and its 200 day moving average price is $56.70.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were issued a $0.1912 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date of this dividend was Thursday, September 26th.

Hedge Funds Weigh In On First Trust NASDAQ Rising Dividend Achievers

A number of large investors have recently modified their holdings of RDVY. Financial Services Advisory Inc grew its holdings in First Trust NASDAQ Rising Dividend Achievers by 1.2% during the third quarter. Financial Services Advisory Inc now owns 14,883 shares of the company’s stock worth $881,000 after acquiring an additional 170 shares during the period. Kingswood Wealth Advisors LLC boosted its position in shares of First Trust NASDAQ Rising Dividend Achievers by 3.5% during the 2nd quarter. Kingswood Wealth Advisors LLC now owns 5,573 shares of the company’s stock worth $305,000 after purchasing an additional 186 shares in the last quarter. Arkadios Wealth Advisors boosted its position in shares of First Trust NASDAQ Rising Dividend Achievers by 0.3% during the 2nd quarter. Arkadios Wealth Advisors now owns 71,312 shares of the company’s stock worth $3,904,000 after purchasing an additional 228 shares in the last quarter. Old Port Advisors grew its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 3.9% during the 2nd quarter. Old Port Advisors now owns 6,728 shares of the company’s stock worth $368,000 after purchasing an additional 250 shares during the period. Finally, Hazlett Burt & Watson Inc. increased its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 54.2% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 740 shares of the company’s stock valued at $40,000 after purchasing an additional 260 shares in the last quarter.

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.