First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) Sets New 52-Week High at $56.08

First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)’s stock price hit a new 52-week high on Thursday . The stock traded as high as $56.08 and last traded at $55.93, with a volume of 103632 shares. The stock had previously closed at $55.87.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

The firm has a market capitalization of $10.17 billion, a PE ratio of 9.91 and a beta of 1.15. The business’s fifty day simple moving average is $52.67 and its 200-day simple moving average is $49.48.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 28th. Stockholders of record on Friday, March 22nd will be paid a dividend of $0.2238 per share. The ex-dividend date is Thursday, March 21st. This represents a $0.90 annualized dividend and a dividend yield of 1.60%.

Hedge Funds Weigh In On First Trust NASDAQ Rising Dividend Achievers

Several institutional investors have recently made changes to their positions in RDVY. Hazlett Burt & Watson Inc. grew its stake in First Trust NASDAQ Rising Dividend Achievers by 87.5% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 478 shares of the company’s stock valued at $25,000 after purchasing an additional 223 shares during the last quarter. Cozad Asset Management Inc. grew its stake in First Trust NASDAQ Rising Dividend Achievers by 0.4% in the third quarter. Cozad Asset Management Inc. now owns 69,703 shares of the company’s stock valued at $3,203,000 after purchasing an additional 249 shares during the last quarter. Private Trust Co. NA grew its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 0.9% during the third quarter. Private Trust Co. NA now owns 31,136 shares of the company’s stock worth $1,431,000 after acquiring an additional 273 shares during the last quarter. DAVENPORT & Co LLC grew its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 4.4% during the fourth quarter. DAVENPORT & Co LLC now owns 6,761 shares of the company’s stock worth $349,000 after acquiring an additional 286 shares during the last quarter. Finally, Castleview Partners LLC grew its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 4.2% during the first quarter. Castleview Partners LLC now owns 7,239 shares of the company’s stock worth $325,000 after acquiring an additional 291 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.