First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) Stake Raised by Jaffetilchin Investment Partners LLC

Jaffetilchin Investment Partners LLC lifted its stake in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY - Free Report) by 4.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 296,603 shares of the company's stock after acquiring an additional 13,633 shares during the period. First Trust NASDAQ Rising Dividend Achievers accounts for approximately 1.3% of Jaffetilchin Investment Partners LLC's portfolio, making the stock its 19th biggest position. Jaffetilchin Investment Partners LLC owned about 0.14% of First Trust NASDAQ Rising Dividend Achievers worth $17,541,000 at the end of the most recent reporting period.

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

First Trust NASDAQ Rising Dividend Achievers Stock Performance

First Trust NASDAQ Rising Dividend Achievers stock traded down $0.27 during midday trading on Wednesday, reaching $55.09. The stock had a trading volume of 492,135 shares, compared to its average volume of 822,084. The stock's 50-day simple moving average is $58.90 and its 200 day simple moving average is $60.37. First Trust NASDAQ Rising Dividend Achievers has a twelve month low of $50.27 and a twelve month high of $64.63. The stock has a market capitalization of $12.72 billion, a PE ratio of 13.97 and a beta of 1.08.

First Trust NASDAQ Rising Dividend Achievers Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were issued a $0.2544 dividend. The ex-dividend date was Thursday, March 27th. This represents a $1.02 dividend on an annualized basis and a yield of 1.85%. This is an increase 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.