First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) Sets New 1-Year High – What’s Next?

Shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVYGet Free Report) hit a new 52-week high during trading on Monday . The company traded as high as $71.41 and last traded at $71.6140, with a volume of 282013 shares changing hands. The stock had previously closed at $70.15.

First Trust Rising Dividend Achievers ETF Stock Performance

The business’s 50-day moving average is $68.50 and its 200-day moving average is $66.21. The company has a market capitalization of $19.62 billion, a PE ratio of 15.46 and a beta of 1.10.

First Trust Rising Dividend Achievers ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were paid a dividend of $0.1996 per share. The ex-dividend date was Friday, December 12th. This is a positive change from First Trust Rising Dividend Achievers ETF’s previous quarterly dividend of $0.15. This represents a $0.80 dividend on an annualized basis and a yield of 1.1%.

Institutional Trading of First Trust Rising Dividend Achievers ETF

Several institutional investors have recently bought and sold shares of the company. First Horizon Corp bought a new position in shares of First Trust Rising Dividend Achievers ETF in the third quarter worth approximately $25,000. Compass Financial Services Inc bought a new position in First Trust Rising Dividend Achievers ETF in the 1st quarter valued at approximately $26,000. Farmers & Merchants Investments Inc. purchased a new stake in First Trust Rising Dividend Achievers ETF during the 2nd quarter valued at $26,000. Cullen Frost Bankers Inc. purchased a new stake in First Trust Rising Dividend Achievers ETF during the 3rd quarter valued at $28,000. Finally, Rise Advisors LLC purchased a new position in shares of First Trust Rising Dividend Achievers ETF in the first quarter worth $31,000.

About First Trust Rising Dividend Achievers ETF

(Get Free Report)

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.

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