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

First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) shares reached a new 52-week high on Friday . The company traded as high as $60.94 and last traded at $60.59, with a volume of 43973 shares trading hands. The stock had previously closed at $60.79.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

The firm’s fifty day moving average is $58.02 and its two-hundred day moving average is $56.13. The company has a market cap of $12.39 billion, a P/E 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. Stockholders of record on Thursday, September 26th were given a dividend of $0.1912 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.27%. The ex-dividend date of this dividend was Thursday, September 26th.

Institutional Investors Weigh In On First Trust NASDAQ Rising Dividend Achievers

Large investors have recently made changes to their positions in the company. LPL Financial LLC lifted its position in First Trust NASDAQ Rising Dividend Achievers by 3.7% during the second quarter. LPL Financial LLC now owns 19,372,722 shares of the company’s stock valued at $1,060,656,000 after purchasing an additional 687,098 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 18.7% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 6,872,756 shares of the company’s stock worth $376,283,000 after purchasing an additional 1,084,117 shares during the period. Commonwealth Equity Services LLC raised its holdings in First Trust NASDAQ Rising Dividend Achievers by 4.8% during the 2nd quarter. Commonwealth Equity Services LLC now owns 4,634,769 shares of the company’s stock valued at $253,754,000 after buying an additional 210,398 shares during the period. Global Assets Advisory LLC raised its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 5,315.6% in the first quarter. Global Assets Advisory LLC now owns 4,216,002 shares of the company’s stock worth $236,813,000 after buying an additional 4,138,153 shares during the period. Finally, Envestnet Asset Management Inc. lifted its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 5.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 3,209,445 shares of the company’s stock worth $175,717,000 after acquiring an additional 159,003 shares during 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.