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

First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) shares reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $63.78 and last traded at $63.72, with a volume of 735607 shares changing hands. The stock had previously closed at $63.08.

First Trust NASDAQ Rising Dividend Achievers Trading Up 1.0 %

The company has a 50 day moving average of $60.18 and a 200-day moving average of $57.36. The firm has a market capitalization of $13.14 billion, a P/E ratio of 10.08 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were paid a $0.1912 dividend. The ex-dividend date was Thursday, September 26th. This represents a $0.76 annualized dividend and a yield of 1.20%.

Institutional Trading of First Trust NASDAQ Rising Dividend Achievers

Several institutional investors have recently added to or reduced their stakes in RDVY. BNP Paribas Financial Markets lifted its position in shares of 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 during the period. Headlands Technologies LLC bought a new stake in shares of First Trust NASDAQ Rising Dividend Achievers during the 2nd quarter valued at $29,000. Kings Path Partners LLC bought a new stake in shares of First Trust NASDAQ Rising Dividend Achievers during the 2nd quarter valued at $31,000. Russell Investments Group Ltd. bought a new stake in shares of First Trust NASDAQ Rising Dividend Achievers during the 1st quarter valued at $34,000. Finally, Rothschild Investment LLC bought a new stake in shares of First Trust NASDAQ Rising Dividend Achievers during the 2nd quarter valued at $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.