Orion Portfolio Solutions LLC lifted its holdings in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY - Free Report) by 36.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 64,132 shares of the company's stock after purchasing an additional 17,235 shares during the quarter. Orion Portfolio Solutions LLC's holdings in First Trust NASDAQ Rising Dividend Achievers were worth $3,793,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of RDVY. Cullen Frost Bankers Inc. bought a new stake in shares of First Trust NASDAQ Rising Dividend Achievers during the fourth quarter worth $25,000. Graney & King LLC acquired a new stake in shares of First Trust NASDAQ Rising Dividend Achievers in the 4th quarter valued at about $27,000. Sound Income Strategies LLC bought a new position in shares of First Trust NASDAQ Rising Dividend Achievers during the fourth quarter worth about $40,000. Sugarloaf Wealth Management LLC acquired a new position in First Trust NASDAQ Rising Dividend Achievers during the 4th quarter worth approximately $40,000. Finally, Eastern Bank bought a new position in shares of First Trust NASDAQ Rising Dividend Achievers during the 4th quarter worth approximately $57,000.
First Trust NASDAQ Rising Dividend Achievers Stock Down 4.8 %
Shares of RDVY stock traded down $2.85 during trading on Thursday, reaching $56.37. The company's stock had a trading volume of 1,104,864 shares, compared to its average volume of 780,799. The company has a market cap of $12.88 billion, a price-to-earnings ratio of 14.89 and a beta of 1.15. First Trust NASDAQ Rising Dividend Achievers has a one year low of $52.78 and a one year high of $64.63. The business has a fifty day moving average price of $60.77 and a 200-day moving average price of $60.72.
First Trust NASDAQ Rising Dividend Achievers Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were issued a $0.2544 dividend. This is a boost from First Trust NASDAQ Rising Dividend Achievers's previous quarterly dividend of $0.19. The ex-dividend date was Thursday, March 27th. This represents a $1.02 annualized dividend and a dividend yield of 1.81%.
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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