Maridea Wealth Management LLC Takes $308,000 Position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Maridea Wealth Management LLC acquired a new stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 5,210 shares of the company's stock, valued at approximately $308,000.

Several other institutional investors also recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new position in shares of First Trust NASDAQ Rising Dividend Achievers during the fourth quarter worth about $593,242,000. LPL Financial LLC boosted its holdings in First Trust NASDAQ Rising Dividend Achievers by 4.8% in the 4th quarter. LPL Financial LLC now owns 21,307,144 shares of the company's stock valued at $1,260,104,000 after purchasing an additional 980,714 shares in the last quarter. JPMorgan Chase & Co. increased its position in First Trust NASDAQ Rising Dividend Achievers by 135.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,128,835 shares of the company's stock worth $66,838,000 after purchasing an additional 650,194 shares during the period. Commonwealth Equity Services LLC raised its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 7.8% during the 4th quarter. Commonwealth Equity Services LLC now owns 5,640,003 shares of the company's stock worth $333,550,000 after buying an additional 409,135 shares in the last quarter. Finally, HighTower Advisors LLC lifted its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 47.3% in the 3rd quarter. HighTower Advisors LLC now owns 1,267,282 shares of the company's stock valued at $75,007,000 after buying an additional 406,747 shares during the period.

First Trust NASDAQ Rising Dividend Achievers Stock Down 4.9 %

Shares of First Trust NASDAQ Rising Dividend Achievers stock traded down $2.92 during trading on Thursday, reaching $56.30. The company's stock had a trading volume of 513,979 shares, compared to its average volume of 778,235. The business has a 50 day moving average price of $60.77 and a 200-day moving average price of $60.72. First Trust NASDAQ Rising Dividend Achievers has a 12-month low of $52.78 and a 12-month high of $64.63. The company has a market capitalization of $12.86 billion, a P/E ratio of 14.89 and a beta of 1.15.

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First Trust NASDAQ Rising Dividend Achievers Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were given a dividend of $0.2544 per share. This is a positive change 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 1.81%. The ex-dividend date was 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.