JPMorgan Chase & Co. Raises Stock Position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

JPMorgan Chase & Co. increased its holdings in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY - Free Report) by 27.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,434,410 shares of the company's stock after purchasing an additional 305,575 shares during the period. JPMorgan Chase & Co. owned 0.66% of First Trust NASDAQ Rising Dividend Achievers worth $84,831,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. MBE Wealth Management LLC raised its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 4.2% during the fourth quarter. MBE Wealth Management LLC now owns 4,057 shares of the company's stock worth $240,000 after purchasing an additional 163 shares during the last quarter. Trueblood Wealth Management LLC lifted its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 1.4% in the 4th quarter. Trueblood Wealth Management LLC now owns 12,233 shares of the company's stock worth $723,000 after acquiring an additional 167 shares during the period. Pacific Sun Financial Corp boosted its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 2.9% in the fourth quarter. Pacific Sun Financial Corp now owns 6,090 shares of the company's stock valued at $360,000 after acquiring an additional 170 shares in the last quarter. Wealth Effects LLC raised its holdings in First Trust NASDAQ Rising Dividend Achievers by 0.6% during the fourth quarter. Wealth Effects LLC now owns 34,830 shares of the company's stock worth $2,060,000 after purchasing an additional 200 shares in the last quarter. Finally, Wills Financial Group Inc. boosted its holdings in First Trust NASDAQ Rising Dividend Achievers by 4.9% in the 3rd quarter. Wills Financial Group Inc. now owns 4,544 shares of the company's stock valued at $269,000 after purchasing an additional 213 shares in the last quarter.

First Trust NASDAQ Rising Dividend Achievers Price Performance

Shares of RDVY stock traded down $0.67 during trading hours on Tuesday, reaching $51.60. 2,417,427 shares of the company's stock were exchanged, compared to its average volume of 806,566. The company's 50 day moving average is $59.79 and its two-hundred day moving average is $60.52. The company has a market cap of $11.84 billion, a P/E ratio of 14.89 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 firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were given a $0.2544 dividend. This is a boost from First Trust NASDAQ Rising Dividend Achievers's previous quarterly dividend of $0.19. The ex-dividend date was Thursday, March 27th. This represents a $1.02 annualized dividend and a yield of 1.97%.

First Trust NASDAQ Rising Dividend Achievers 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.