Smith Moore & CO. Acquires 75,727 Shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Smith Moore & CO. raised its stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY - Free Report) by 429.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 93,376 shares of the company's stock after purchasing an additional 75,727 shares during the period. Smith Moore & CO.'s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $5,522,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the company. Raymond James Financial Inc. purchased a new position in shares of First Trust NASDAQ Rising Dividend Achievers in the 4th quarter worth $593,242,000. LPL Financial LLC boosted its stake in First Trust NASDAQ Rising Dividend Achievers by 4.8% during the 4th quarter. LPL Financial LLC now owns 21,307,144 shares of the company's stock valued at $1,260,104,000 after acquiring an additional 980,714 shares during the last quarter. JPMorgan Chase & Co. grew its stake in First Trust NASDAQ Rising Dividend Achievers by 135.8% in the third quarter. JPMorgan Chase & Co. now owns 1,128,835 shares of the company's stock worth $66,838,000 after purchasing an additional 650,194 shares in the last quarter. Commonwealth Equity Services LLC increased its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 7.8% in the 4th quarter. Commonwealth Equity Services LLC now owns 5,640,003 shares of the company's stock valued at $333,550,000 after acquiring an additional 409,135 shares during the last quarter. Finally, SRS Capital Advisors Inc. raised its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 128.3% during the fourth quarter. SRS Capital Advisors Inc. now owns 708,953 shares of the company's stock worth $41,928,000 after purchasing an additional 398,469 shares during the period.

First Trust NASDAQ Rising Dividend Achievers Stock Up 0.5 %

NASDAQ RDVY traded up $0.28 during trading hours on Wednesday, hitting $51.88. The company had a trading volume of 1,085,697 shares, compared to its average volume of 807,882. The firm has a market cap of $11.90 billion, a P/E ratio of 14.89 and a beta of 1.15. The business has a fifty day simple moving average of $59.79 and a 200-day simple moving average of $60.52. First Trust NASDAQ Rising Dividend Achievers has a fifty-two week low of $50.27 and a fifty-two week high of $64.63.

First Trust NASDAQ Rising Dividend Achievers Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were paid a dividend of $0.2544 per share. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $1.02 annualized dividend and a yield of 1.96%. This is a boost from First Trust NASDAQ Rising Dividend Achievers's previous quarterly dividend of $0.19.

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.