First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $60.94 and last traded at $60.59, with a volume of 43973 shares trading hands. The stock had previously closed at $60.79.
First Trust NASDAQ Rising Dividend Achievers Trading Down 0.4 %
The stock has a market cap of $12.41 billion, a P/E ratio of 10.08 and a beta of 1.15. The company has a 50 day simple moving average of $58.12 and a 200 day simple moving average of $56.16.
First Trust NASDAQ Rising Dividend Achievers Cuts Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were issued a $0.1912 dividend. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.26%.
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. LPL Financial LLC grew its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 3.7% in the second quarter. LPL Financial LLC now owns 19,372,722 shares of the company's stock valued at $1,060,656,000 after buying an additional 687,098 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in First Trust NASDAQ Rising Dividend Achievers by 18.7% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 6,872,756 shares of the company's stock valued at $376,283,000 after acquiring an additional 1,084,117 shares during the last quarter. Commonwealth Equity Services LLC grew its position in shares of First Trust NASDAQ Rising Dividend Achievers by 12.9% in the 3rd quarter. Commonwealth Equity Services LLC now owns 5,230,868 shares of the company's stock valued at $309,720,000 after acquiring an additional 596,099 shares during the period. Global Assets Advisory LLC lifted its stake in First Trust NASDAQ Rising Dividend Achievers by 5,315.6% in the 1st quarter. Global Assets Advisory LLC now owns 4,216,002 shares of the company's stock valued at $236,813,000 after purchasing an additional 4,138,153 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in First Trust NASDAQ Rising Dividend Achievers by 5.2% during the second quarter. Envestnet Asset Management Inc. now owns 3,209,445 shares of the company's stock worth $175,717,000 after purchasing an additional 159,003 shares during the period.
About First Trust NASDAQ Rising Dividend Achievers
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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.
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