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

First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) hit a new 52-week high during trading on Thursday . The company traded as high as $80.17 and last traded at $80.03, with a volume of 429811 shares changing hands. The stock had previously closed at $78.94.

First Trust Rising Dividend Achievers ETF Price Performance

The stock has a market cap of $23.41 billion, a P/E ratio of 15.46 and a beta of 1.01. The business’s fifty day moving average price is $75.63 and its 200 day moving average price is $72.55.

Institutional Trading of First Trust Rising Dividend Achievers ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of RDVY. AQR Capital Management LLC raised 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 valued at $1,819,000 after buying an additional 12,820 shares in the last quarter. First Trust Advisors LP increased 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 valued at $1,502,000 after purchasing an additional 12,204 shares during the last quarter. Cerity Partners LLC lifted its position in First Trust Rising Dividend Achievers ETF by 38.1% in the second quarter. Cerity Partners LLC now owns 5,657 shares of the company’s stock worth $355,000 after buying an additional 1,561 shares during the last quarter. Betterment LLC increased its position in First Trust Rising Dividend Achievers ETF by 19.4% during the second quarter. Betterment LLC now owns 48,475 shares of the company’s stock valued at $3,041,000 after acquiring an additional 7,892 shares during the last quarter. Finally, Darwin Wealth Management LLC bought a new stake in shares of First Trust Rising Dividend Achievers ETF in the 2nd quarter worth about $1,433,000.

First Trust Rising Dividend Achievers ETF Company Profile

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.