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

First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY)’s share price reached a new 52-week high on Tuesday . The stock traded as high as $76.00 and last traded at $75.99, with a volume of 79910 shares trading hands. The stock had previously closed at $75.24.

First Trust Rising Dividend Achievers ETF Stock Performance

The firm’s 50 day moving average price is $72.14 and its two-hundred day moving average price is $71.03. The firm has a market cap of $22.35 billion, a PE ratio of 15.46 and a beta of 1.02.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were paid a $0.1813 dividend. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $0.73 annualized dividend and a dividend yield of 1.0%.

Hedge Funds Weigh In On First Trust Rising Dividend Achievers ETF

A number of hedge funds have recently made changes to their positions in RDVY. AQR Capital Management LLC boosted its position in shares of First Trust Rising Dividend Achievers ETF by 70.2% during the 1st quarter. AQR Capital Management LLC now owns 31,071 shares of the company’s stock worth $1,819,000 after purchasing an additional 12,820 shares during the period. First Trust Advisors LP boosted its position in shares of First Trust Rising Dividend Achievers ETF by 104.0% during the 2nd quarter. First Trust Advisors LP now owns 23,934 shares of the company’s stock worth $1,502,000 after purchasing an additional 12,204 shares during the period. Cerity Partners LLC boosted its position in shares of First Trust Rising Dividend Achievers ETF by 38.1% during the 2nd quarter. Cerity Partners LLC now owns 5,657 shares of the company’s stock worth $355,000 after purchasing an additional 1,561 shares during the period. Betterment LLC boosted its position in shares of First Trust Rising Dividend Achievers ETF by 19.4% during the 2nd quarter. Betterment LLC now owns 48,475 shares of the company’s stock worth $3,041,000 after purchasing an additional 7,892 shares during the period. Finally, Darwin Wealth Management LLC purchased a new position in shares of First Trust Rising Dividend Achievers ETF during the 2nd quarter worth approximately $1,433,000.

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.