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 May 3, 2024, RDVY stock price climbed to $54.19 with 631,904 million shares trading.

RDVY has a beta of 0.95, meaning it tends to be less sensitive to market movements. RDVY has a correlation of 0.62 to the broad based SPY ETF.

RDVY has a market cap of $10.29 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 has underperformed the market in the last year with a price return of +26.7% while the SPY ETF gained +27.0%. However, in the short term, RDVY had mixed performance relative to the market. It has outperformed in the last 3 months, returning +5.9% vs +3.7% return in SPY. But in the last 2 weeks, RDVY shares have been beat by the market, returning +1.5% compared to an SPY return of +3.3%.

RDVY support price is $53.18 and resistance is $54.26 (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.