Virtus Wealth Solutions LLC bought a new stake in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 27,006 shares of the company's stock, valued at approximately $1,597,000. First Trust NASDAQ Rising Dividend Achievers makes up about 0.4% of Virtus Wealth Solutions LLC's portfolio, making the stock its 27th largest position.
Several other institutional investors have also modified their holdings of the business. Cullen Frost Bankers Inc. bought a new stake in shares of First Trust NASDAQ Rising Dividend Achievers in the 4th quarter worth about $25,000. Graney & King LLC bought a new stake in First Trust NASDAQ Rising Dividend Achievers in the fourth quarter valued at about $27,000. Sugarloaf Wealth Management LLC bought a new position in First Trust NASDAQ Rising Dividend Achievers during the 4th quarter worth approximately $40,000. Sound Income Strategies LLC acquired a new position in shares of First Trust NASDAQ Rising Dividend Achievers in the 4th quarter worth approximately $40,000. Finally, O Shaughnessy Asset Management LLC increased its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 169.0% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 901 shares of the company's stock valued at $53,000 after acquiring an additional 566 shares during the last quarter.
First Trust NASDAQ Rising Dividend Achievers Price Performance
RDVY traded up $0.15 during trading hours on Friday, hitting $54.65. 1,219,290 shares of the stock were exchanged, compared to its average volume of 826,857. The stock has a market cap of $12.63 billion, a price-to-earnings ratio of 13.97 and a beta of 1.15. The stock has a 50-day simple moving average of $58.60 and a 200-day simple moving average of $60.29. First Trust NASDAQ Rising Dividend Achievers has a 12 month low of $50.27 and a 12 month high of $64.63.
First Trust NASDAQ Rising Dividend Achievers Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were given a $0.2544 dividend. This is an increase from First Trust NASDAQ Rising Dividend Achievers's previous quarterly dividend of $0.19. This represents a $1.02 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date of this dividend was Thursday, March 27th.
First Trust NASDAQ Rising Dividend Achievers Company Profile
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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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