First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) Stock Breaks Above Fifty Day Moving Average – Should You Sell?

First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) crossed above its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of $79.87 and traded as high as $81.17. First Trust Rising Dividend Achievers ETF shares last traded at $81.09, with a volume of 1,409,487 shares traded.

First Trust Rising Dividend Achievers ETF Trading Up 1.7%

The firm’s fifty day moving average price is $79.87 and its two-hundred day moving average price is $76.52. The stock has a market capitalization of $26.08 billion, a PE ratio of 15.46 and a beta of 1.01.

First Trust Rising Dividend Achievers ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th were given a $0.1521 dividend. This represents a $0.61 dividend on an annualized basis and a dividend yield of 0.8%. This is an increase from First Trust Rising Dividend Achievers ETF’s previous quarterly dividend of $0.1474. The ex-dividend date was Thursday, September 24th.

Institutional Investors Weigh In On First Trust Rising Dividend Achievers ETF

Several hedge funds have recently modified their holdings of RDVY. Basepoint Wealth LLC increased its stake in First Trust Rising Dividend Achievers ETF by 4.5% in the first quarter. Basepoint Wealth LLC now owns 3,187 shares of the company’s stock valued at $218,000 after purchasing an additional 136 shares during the period. Retirement Planning Group LLC grew its stake in shares of First Trust Rising Dividend Achievers ETF by 1.8% in the 1st quarter. Retirement Planning Group LLC now owns 8,013 shares of the company’s stock valued at $547,000 after purchasing an additional 138 shares during the last quarter. Quadrant Capital Group LLC grew its stake in shares of First Trust Rising Dividend Achievers ETF by 3.1% in the 3rd quarter. Quadrant Capital Group LLC now owns 4,691 shares of the company’s stock valued at $373,000 after purchasing an additional 141 shares during the last quarter. B. Riley Wealth Advisors Inc. increased its holdings in shares of First Trust Rising Dividend Achievers ETF by 1.0% in the third quarter. B. Riley Wealth Advisors Inc. now owns 17,408 shares of the company’s stock valued at $1,363,000 after purchasing an additional 177 shares during the period. Finally, Castleview Partners LLC increased its holdings in shares of First Trust Rising Dividend Achievers ETF by 2.8% in the first quarter. Castleview Partners LLC now owns 6,898 shares of the company’s stock valued at $471,000 after purchasing an additional 189 shares during the period.

About First Trust Rising Dividend Achievers ETF

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.