First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) Hits New 12-Month High at $59.38

First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) shares reached a new 52-week high during mid-day trading on Friday . The company traded as high as $59.38 and last traded at $59.32, with a volume of 379995 shares traded. The stock had previously closed at $58.75.

First Trust NASDAQ Rising Dividend Achievers Stock Up 0.4 %

The firm has a 50 day moving average price of $57.08 and a 200 day moving average price of $55.66. The stock has a market cap of $11.74 billion, a PE ratio of 10.08 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Thursday, September 26th will be given a $0.1912 dividend. The ex-dividend date is Thursday, September 26th. This represents a $0.76 annualized dividend and a dividend yield of 1.30%.

Hedge Funds Weigh In On First Trust NASDAQ Rising Dividend Achievers

Several 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% during the 1st quarter. BNP Paribas Financial Markets now owns 496 shares of the company’s stock valued at $28,000 after acquiring an additional 494 shares in the last quarter. Headlands Technologies LLC bought a new stake in First Trust NASDAQ Rising Dividend Achievers during the second quarter valued at about $29,000. Kings Path Partners LLC purchased a new position in First Trust NASDAQ Rising Dividend Achievers in the second quarter valued at about $31,000. Russell Investments Group Ltd. bought a new position in First Trust NASDAQ Rising Dividend Achievers in the first quarter worth about $34,000. Finally, Rothschild Investment LLC purchased a new stake in shares of First Trust NASDAQ Rising Dividend Achievers during the second quarter valued at about $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.