First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) Reaches New 12-Month High – What’s Next?

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

First Trust NASDAQ Rising Dividend Achievers Stock Up 5.4 %

The stock has a fifty day moving average of $58.75 and a 200-day moving average of $56.61. The stock has a market cap of $12.97 billion, a PE ratio of 10.08 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The business 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 1.22%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. BNP Paribas Financial Markets boosted its position in First Trust NASDAQ Rising Dividend Achievers by 24,700.0% in the 1st quarter. BNP Paribas Financial Markets now owns 496 shares of the company’s stock valued at $28,000 after buying an additional 494 shares during the last quarter. Headlands Technologies LLC acquired a new stake in shares of First Trust NASDAQ Rising Dividend Achievers in the second quarter valued at approximately $29,000. Kings Path Partners LLC bought a new position in shares of First Trust NASDAQ Rising Dividend Achievers in the second quarter valued at approximately $31,000. Russell Investments Group Ltd. bought a new stake in First Trust NASDAQ Rising Dividend Achievers during the first quarter worth approximately $34,000. Finally, Rothschild Investment LLC bought a new stake in First Trust NASDAQ Rising Dividend Achievers during the second quarter worth approximately $34,000.

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.