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

First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $80.28 and last traded at $80.28, with a volume of 242 shares trading hands. The stock had previously closed at $78.58.

First Trust Rising Dividend Achievers ETF Stock Performance

The firm’s 50 day moving average is $74.31 and its 200-day moving average is $71.95. The stock has a market capitalization of $23.39 billion, a price-to-earnings ratio of 15.46 and a beta of 1.01.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were paid a $0.1813 dividend. This represents a $0.73 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Thursday, March 26th.

Hedge Funds Weigh In On First Trust Rising Dividend Achievers ETF

Large investors have recently added to or reduced their stakes in the stock. Huntington National Bank raised its position in First Trust Rising Dividend Achievers ETF by 37,000.0% during the fourth quarter. Huntington National Bank now owns 371 shares of the company’s stock worth $26,000 after acquiring an additional 370 shares during the period. Financial Perspectives Inc acquired a new position in First Trust Rising Dividend Achievers ETF during the fourth quarter worth $26,000. Trust Co. of Vermont acquired a new position in First Trust Rising Dividend Achievers ETF during the fourth quarter worth $27,000. United Community Bank acquired a new position in First Trust Rising Dividend Achievers ETF during the fourth quarter worth $28,000. Finally, Bessemer Group Inc. acquired a new position in First Trust Rising Dividend Achievers ETF during the first quarter worth $29,000.

About First Trust Rising Dividend Achievers ETF

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.