Grantvest Financial Group LLC Makes New Investment in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Grantvest Financial Group LLC acquired a new stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 22,073 shares of the company's stock, valued at approximately $1,305,000. First Trust NASDAQ Rising Dividend Achievers accounts for 1.5% of Grantvest Financial Group LLC's investment portfolio, making the stock its 18th largest position.

Several other large investors have also bought and sold shares of RDVY. Moors & Cabot Inc. bought a new position in First Trust NASDAQ Rising Dividend Achievers during the 3rd quarter worth approximately $271,000. Citigroup Inc. increased its position in shares of First Trust NASDAQ Rising Dividend Achievers by 7.3% during the third quarter. Citigroup Inc. now owns 300,031 shares of the company's stock worth $17,765,000 after buying an additional 20,531 shares during the period. Nwam LLC bought a new position in First Trust NASDAQ Rising Dividend Achievers during the third quarter worth $277,000. Great Valley Advisor Group Inc. lifted its holdings in First Trust NASDAQ Rising Dividend Achievers by 2.5% in the third quarter. Great Valley Advisor Group Inc. now owns 36,036 shares of the company's stock valued at $2,134,000 after buying an additional 887 shares during the period. Finally, Kingsview Wealth Management LLC boosted its position in First Trust NASDAQ Rising Dividend Achievers by 6.1% during the third quarter. Kingsview Wealth Management LLC now owns 75,996 shares of the company's stock valued at $4,500,000 after acquiring an additional 4,390 shares during the last quarter.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

Shares of RDVY stock traded down $1.20 during mid-day trading on Friday, hitting $58.03. The company's stock had a trading volume of 1,531,740 shares, compared to its average volume of 773,474. The company has a market cap of $13.20 billion, a PE ratio of 14.89 and a beta of 1.14. The company's fifty day simple moving average is $60.99 and its 200-day simple moving average is $60.64. First Trust NASDAQ Rising Dividend Achievers has a 52 week low of $52.78 and a 52 week high of $64.63.

First Trust NASDAQ Rising Dividend Achievers Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 27th will be issued a $0.2544 dividend. This is an increase from First Trust NASDAQ Rising Dividend Achievers's previous quarterly dividend of $0.19. This represents a $1.02 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date of this dividend is Thursday, March 27th.

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.