Fifth Third Securities Inc. Grows Stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Fifth Third Securities Inc. grew its stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY - Free Report) by 7.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 366,715 shares of the company's stock after acquiring an additional 26,407 shares during the quarter. First Trust NASDAQ Rising Dividend Achievers accounts for 1.8% of Fifth Third Securities Inc.'s portfolio, making the stock its 10th biggest holding. Fifth Third Securities Inc. owned about 0.17% of First Trust NASDAQ Rising Dividend Achievers worth $21,688,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in RDVY. Sugarloaf Wealth Management LLC bought a new position in shares of First Trust NASDAQ Rising Dividend Achievers during the fourth quarter valued at $40,000. Sound Income Strategies LLC bought a new position in shares of First Trust NASDAQ Rising Dividend Achievers during the fourth quarter valued at $40,000. Eastern Bank purchased a new stake in First Trust NASDAQ Rising Dividend Achievers during the fourth quarter valued at $57,000. Blue Trust Inc. increased its position in First Trust NASDAQ Rising Dividend Achievers by 2,807.1% during the fourth quarter. Blue Trust Inc. now owns 1,221 shares of the company's stock valued at $72,000 after acquiring an additional 1,179 shares during the last quarter. Finally, Crewe Advisors LLC increased its position in First Trust NASDAQ Rising Dividend Achievers by 12.5% during the third quarter. Crewe Advisors LLC now owns 1,635 shares of the company's stock valued at $97,000 after acquiring an additional 182 shares during the last quarter.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

First Trust NASDAQ Rising Dividend Achievers stock opened at $63.23 on Friday. The stock has a market cap of $13.75 billion, a PE ratio of 10.08 and a beta of 1.15. First Trust NASDAQ Rising Dividend Achievers has a one year low of $50.24 and a one year high of $64.63. The stock has a fifty day moving average of $61.50 and a 200 day moving average of $59.55.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were given a dividend of $0.2956 per share. The ex-dividend date was Friday, December 13th.

First Trust NASDAQ Rising Dividend Achievers Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.