Mariner LLC Acquires 66,722 Shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Mariner LLC boosted its stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY - Free Report) by 17.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 450,952 shares of the company's stock after purchasing an additional 66,722 shares during the quarter. Mariner LLC owned about 0.21% of First Trust NASDAQ Rising Dividend Achievers worth $26,669,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. ORG Partners LLC increased its holdings in First Trust NASDAQ Rising Dividend Achievers by 259.3% during the 4th quarter. ORG Partners LLC now owns 202,120 shares of the company's stock worth $11,953,000 after purchasing an additional 145,866 shares in the last quarter. SMART Wealth LLC boosted its holdings in First Trust NASDAQ Rising Dividend Achievers by 21.4% during the third quarter. SMART Wealth LLC now owns 95,355 shares of the company's stock worth $5,646,000 after purchasing an additional 16,777 shares during the last quarter. Next Level Private LLC grew its position in First Trust NASDAQ Rising Dividend Achievers by 6.2% in the fourth quarter. Next Level Private LLC now owns 262,333 shares of the company's stock valued at $15,514,000 after purchasing an additional 15,253 shares in the last quarter. Aspire Capital Advisors LLC increased its stake in First Trust NASDAQ Rising Dividend Achievers by 3.7% in the 4th quarter. Aspire Capital Advisors LLC now owns 213,876 shares of the company's stock valued at $12,649,000 after buying an additional 7,558 shares during the last quarter. Finally, Hidden Cove Wealth Management LLC bought a new stake in First Trust NASDAQ Rising Dividend Achievers during the 4th quarter worth about $4,219,000.

First Trust NASDAQ Rising Dividend Achievers Stock Down 2.1 %

Shares of NASDAQ:RDVY traded down $1.16 during midday trading on Monday, reaching $53.49. The company had a trading volume of 197,373 shares, compared to its average volume of 1,132,717. The business's 50 day moving average price is $58.44 and its 200 day moving average price is $60.29. First Trust NASDAQ Rising Dividend Achievers has a 1-year low of $50.27 and a 1-year high of $64.63. The stock has a market cap of $12.37 billion, a PE ratio of 13.97 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were paid a $0.2544 dividend. The ex-dividend date of this dividend was Thursday, March 27th. This is a boost 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 1.90%.

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.