RDVY Stock Summary and Trading Ideas (First Trust Rising Dividend Achievers ETF | NASDAQ:RDVY)

First Trust NASDAQ Rising Dividend Achievers ETF is an exchange-traded fund incorporated in the USA. The Fund will normally invest in securities that comprise the NASDAQ US Rising Dividend Achievers Index. The Index is composed of the securities of 50 companies with a history of raising their dividends and exhibit the characteristics to continue to do so in the future.

First Trust Rising Dividend Achievers ETF trades on the NASDAQ stock market under the symbol RDVY.

As of April 24, 2024, RDVY stock price climbed to $54.48 with 711,141 million shares trading.

RDVY has a beta of 0.96, meaning it tends to be less sensitive to market movements. RDVY has a correlation of 0.63 to the broad based SPY ETF.

RDVY has a market cap of $10.27 billion. This is considered a Large Cap stock.

In the last 3 years, RDVY stock traded as high as $56.29 and as low as $38.34.

RDVY stock has underperformed the market in the last year with a return of +22.2%, while SPY returned +24.1%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in RDVY shares. However, RDVY has outperformed the market in the last 3 month and 2 week periods, returning +7.2% and 0.0%, while SPY returned +4.5% and -1.7%, respectively. This indicates RDVY has been having a stronger performance recently.

RDVY support price is $53.85 and resistance is $54.91 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that RDVY stock will trade within this expected range on the day.