First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) Sets New 12-Month High at $56.41

First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) reached a new 52-week high during trading on Friday . The stock traded as high as $56.41 and last traded at $56.40, with a volume of 121828 shares trading hands. The stock had previously closed at $55.92.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

The stock has a market cap of $11.10 billion, a price-to-earnings ratio of 10.08 and a beta of 1.15. The business has a 50-day simple moving average of $54.85 and a two-hundred day simple moving average of $53.58.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Thursday, June 27th were issued a dividend of $0.2616 per share. This represents a $1.05 annualized dividend and a yield of 1.85%. The ex-dividend date was Thursday, June 27th.

Institutional Investors Weigh In On First Trust NASDAQ Rising Dividend Achievers

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. International Assets Investment Management LLC increased its position in shares of First Trust NASDAQ Rising Dividend Achievers by 5,519.6% in the fourth quarter. International Assets Investment Management LLC now owns 6,615,517 shares of the company’s stock valued at $341,824,000 after acquiring an additional 6,497,795 shares during the last quarter. Global Assets Advisory LLC raised its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 5,315.6% during the 1st quarter. Global Assets Advisory LLC now owns 4,216,002 shares of the company’s stock worth $236,813,000 after purchasing an additional 4,138,153 shares in the last quarter. Cetera Investment Advisers boosted its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 178.5% in the 1st quarter. Cetera Investment Advisers now owns 2,264,096 shares of the company’s stock valued at $127,174,000 after buying an additional 1,451,045 shares during the last quarter. Commonwealth Equity Services LLC grew its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 30.6% in the fourth quarter. Commonwealth Equity Services LLC now owns 3,989,267 shares of the company’s stock valued at $206,125,000 after buying an additional 933,923 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. grew its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 10.6% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 5,803,282 shares of the company’s stock valued at $299,856,000 after buying an additional 557,879 shares in 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.