MML Investors Services LLC lifted its stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY - Free Report) by 2.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,017,213 shares of the company's stock after buying an additional 27,761 shares during the period. MML Investors Services LLC owned approximately 0.47% of First Trust NASDAQ Rising Dividend Achievers worth $60,158,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently modified their holdings of the company. First Trust Advisors LP acquired a new position in First Trust NASDAQ Rising Dividend Achievers during the 4th quarter worth approximately $885,000. Frederick Financial Consultants LLC acquired a new position in shares of First Trust NASDAQ Rising Dividend Achievers during the fourth quarter worth $6,088,000. Concourse Financial Group Securities Inc. lifted its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 4.8% in the 4th quarter. Concourse Financial Group Securities Inc. now owns 44,355 shares of the company's stock valued at $2,781,000 after acquiring an additional 2,014 shares during the last quarter. Capital Square LLC boosted its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 12.7% during the 4th quarter. Capital Square LLC now owns 4,866 shares of the company's stock valued at $304,000 after acquiring an additional 547 shares in the last quarter. Finally, Garden State Investment Advisory Services LLC bought a new stake in First Trust NASDAQ Rising Dividend Achievers during the 4th quarter worth $294,000.
First Trust NASDAQ Rising Dividend Achievers Trading Up 1.4 %
RDVY traded up $0.80 on Wednesday, reaching $55.84. The stock had a trading volume of 1,271,846 shares, compared to its average volume of 831,945. The firm has a 50-day moving average of $58.14 and a 200-day moving average of $60.21. First Trust NASDAQ Rising Dividend Achievers has a fifty-two week low of $50.27 and a fifty-two week high of $64.63. The company has a market capitalization of $12.91 billion, a price-to-earnings ratio of 13.97 and a beta of 1.15.
First Trust NASDAQ Rising Dividend Achievers Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were issued a $0.2544 dividend. This represents a $1.02 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date was Thursday, March 27th. This is a positive change from First Trust NASDAQ Rising Dividend Achievers's previous quarterly dividend of $0.19.
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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