Topsail Wealth Management LLC bought a new stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 15,982 shares of the company's stock, valued at approximately $945,000.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Cullen Frost Bankers Inc. bought a new stake in First Trust NASDAQ Rising Dividend Achievers during the 4th quarter worth approximately $25,000. Summit Investment Advisors Inc. grew its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 195.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 443 shares of the company's stock valued at $26,000 after acquiring an additional 293 shares in the last quarter. Graney & King LLC bought a new position in shares of First Trust NASDAQ Rising Dividend Achievers in the fourth quarter valued at approximately $27,000. Sugarloaf Wealth Management LLC bought a new position in shares of First Trust NASDAQ Rising Dividend Achievers in the fourth quarter valued at approximately $40,000. Finally, Sound Income Strategies LLC bought a new position in shares of First Trust NASDAQ Rising Dividend Achievers in the fourth quarter valued at approximately $40,000.
First Trust NASDAQ Rising Dividend Achievers Trading Up 0.3 %
Shares of RDVY stock traded up $0.17 during trading on Monday, hitting $56.86. The company's stock had a trading volume of 883,683 shares, compared to its average volume of 834,625. The company has a market cap of $13.22 billion, a PE ratio of 13.97 and a beta of 1.15. The business has a fifty day moving average of $57.75 and a 200-day moving average of $60.16. First Trust NASDAQ Rising Dividend Achievers has a 52 week low of $50.27 and a 52 week high of $64.63.
First Trust NASDAQ Rising Dividend Achievers Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were issued a $0.2544 dividend. The ex-dividend date of this dividend was Thursday, March 27th. This is a positive change from First Trust NASDAQ Rising Dividend Achievers's previous quarterly dividend of $0.19. This represents a $1.02 annualized dividend and a dividend yield of 1.79%.
About First Trust NASDAQ Rising Dividend Achievers
(
Free Report)
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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