Is First Trust Rising Dividend Achievers ETF (RDVY) a Strong ETF Right Now?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 28 2024
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Source: NASDAQ.COM
Overview of First Trust Rising Dividend Achievers ETF (RDVY): Launched in 2014, RDVY is a smart beta ETF focusing on large-cap value stocks with a history of paying dividends, managed by First Trust Advisors and currently holding over $12.17 billion in assets.
Performance and Comparison: RDVY has shown strong performance with a 37.58% increase over the past year, but investors may also consider lower-cost alternatives like Schwab U.S. Dividend Equity ETF and Vanguard Value ETF, which have significantly lower expense ratios.
Analyst Views on RDVY
Wall Street analysts forecast RDVY stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for RDVY is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 72.450
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Current: 72.450
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
