First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY - Get Free Report) shares reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $59.38 and last traded at $59.32, with a volume of 379995 shares changing hands. The stock had previously closed at $58.75.
The business's 50 day moving average is $57.08 and its 200 day moving average is $55.66. The company has a market capitalization of $11.74 billion, a price-to-earnings ratio of 10.08 and a beta of 1.15.
The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Thursday, September 26th will be paid a $0.1912 dividend. The ex-dividend date of this dividend is Thursday, September 26th. This represents a $0.76 dividend on an annualized basis and a yield of 1.30%.
Several large investors have recently bought and sold shares of 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. increased its position in shares of First Trust NASDAQ Rising Dividend Achievers by 18.7% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 6,872,756 shares of the company's stock worth $376,283,000 after purchasing an additional 1,084,117 shares in the last quarter. Commonwealth Equity Services LLC boosted its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 4.8% in the second quarter. Commonwealth Equity Services LLC now owns 4,634,769 shares of the company's stock valued at $253,754,000 after acquiring an additional 210,398 shares during the period. Global Assets Advisory LLC raised its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 5,315.6% in the first quarter. Global Assets Advisory LLC now owns 4,216,002 shares of the company's stock valued at $236,813,000 after buying an additional 4,138,153 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of 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.
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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