Keystone Financial Group Takes $2.27 Million Position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Keystone Financial Group acquired a new stake in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 38,364 shares of the company's stock, valued at approximately $2,269,000.

Several other institutional investors and hedge funds have also made changes to their positions in RDVY. Cullen Frost Bankers Inc. bought a new position in First Trust NASDAQ Rising Dividend Achievers during the 4th quarter worth approximately $25,000. Summit Investment Advisors Inc. boosted its holdings in First Trust NASDAQ Rising Dividend Achievers by 195.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 443 shares of the company's stock worth $26,000 after purchasing an additional 293 shares during the period. Graney & King LLC bought a new stake in First Trust NASDAQ Rising Dividend Achievers during the fourth quarter valued at $27,000. Sugarloaf Wealth Management LLC bought a new stake in First Trust NASDAQ Rising Dividend Achievers during the fourth quarter valued at $40,000. Finally, Sound Income Strategies LLC bought a new position in shares of First Trust NASDAQ Rising Dividend Achievers in the 4th quarter worth about $40,000.

First Trust NASDAQ Rising Dividend Achievers Price Performance

Shares of NASDAQ RDVY traded up $0.15 during mid-day trading on Friday, hitting $54.65. The company had a trading volume of 1,219,290 shares, compared to its average volume of 826,857. The stock has a market cap of $12.63 billion, a price-to-earnings ratio of 13.97 and a beta of 1.15. The firm's 50 day simple moving average is $58.60 and its two-hundred day simple moving average is $60.29. First Trust NASDAQ Rising Dividend Achievers has a 12 month low of $50.27 and a 12 month 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. Stockholders of record on Thursday, March 27th were given a dividend of $0.2544 per share. 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. This represents a $1.02 annualized dividend and a dividend yield of 1.86%.

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.