Frederick Financial Consultants LLC acquired a new stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 102,939 shares of the company's stock, valued at approximately $6,088,000. First Trust NASDAQ Rising Dividend Achievers makes up about 4.9% of Frederick Financial Consultants LLC's investment portfolio, making the stock its 6th largest position.
A number of other large investors have also modified their holdings of the business. Concourse Financial Group Securities Inc. grew its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 4.8% in the fourth quarter. Concourse Financial Group Securities Inc. now owns 44,355 shares of the company's stock valued at $2,781,000 after purchasing an additional 2,014 shares during the period. Capital Square LLC increased its stake in 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 worth $304,000 after buying an additional 547 shares during the period. Garden State Investment Advisory Services LLC acquired a new position in First Trust NASDAQ Rising Dividend Achievers during the 4th quarter worth $294,000. NewEdge Advisors LLC lifted its stake in First Trust NASDAQ Rising Dividend Achievers by 4.9% in the fourth quarter. NewEdge Advisors LLC now owns 798,960 shares of the company's stock worth $47,251,000 after acquiring an additional 37,451 shares during the last quarter. Finally, Main Street Financial Solutions LLC grew its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 1.1% during the fourth quarter. Main Street Financial Solutions LLC now owns 56,476 shares of the company's stock worth $3,340,000 after purchasing an additional 629 shares in the last quarter.
First Trust NASDAQ Rising Dividend Achievers Stock Performance
Shares of NASDAQ:RDVY traded up $1.09 on Wednesday, hitting $56.13. 611,433 shares of the company's stock were exchanged, compared to its average volume of 828,818. The firm's 50-day moving average is $58.14 and its 200 day moving average is $60.21. The company has a market capitalization of $12.97 billion, a PE ratio of 13.97 and a beta of 1.15. First Trust NASDAQ Rising Dividend Achievers has a 1-year low of $50.27 and a 1-year high of $64.63.
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 given a dividend of $0.2544 per share. This represents a $1.02 annualized dividend and a dividend yield of 1.81%. The ex-dividend date of this dividend was Thursday, March 27th. This is an increase from First Trust NASDAQ Rising Dividend Achievers's previous quarterly dividend of $0.19.
First Trust NASDAQ Rising Dividend Achievers 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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