Modern Wealth Management LLC acquired a new stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 49,950 shares of the company's stock, valued at approximately $3,114,000.
Several other institutional investors and hedge funds have also modified their holdings of RDVY. Grantvest Financial Group LLC bought a new stake in First Trust NASDAQ Rising Dividend Achievers during the fourth quarter worth about $1,305,000. Hirtle Callaghan & Co LLC acquired a new position in shares of First Trust NASDAQ Rising Dividend Achievers in the fourth quarter valued at about $1,774,000. Woodmont Investment Counsel LLC boosted its position in shares of First Trust NASDAQ Rising Dividend Achievers by 37.7% during the 4th quarter. Woodmont Investment Counsel LLC now owns 8,759 shares of the company's stock worth $518,000 after acquiring an additional 2,397 shares in the last quarter. LPL Financial LLC grew its holdings in shares of 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 valued at $1,260,104,000 after purchasing an additional 980,714 shares during the last quarter. Finally, Intellus Advisors LLC acquired a new position in First Trust NASDAQ Rising Dividend Achievers during the 4th quarter worth approximately $18,380,000.
First Trust NASDAQ Rising Dividend Achievers Trading Down 2.0 %
First Trust NASDAQ Rising Dividend Achievers stock traded down $1.20 during mid-day trading on Friday, reaching $58.03. The company had a trading volume of 1,531,740 shares, compared to its average volume of 773,474. The business has a fifty day simple moving average of $60.99 and a 200 day simple moving average of $60.67. The company has a market cap of $12.66 billion, a P/E ratio of 14.89 and a beta of 1.15. First Trust NASDAQ Rising Dividend Achievers has a fifty-two week low of $52.78 and a fifty-two week high of $64.63.
First Trust NASDAQ Rising Dividend Achievers Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 27th will be given a $0.2544 dividend. The ex-dividend date is 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 yield of 1.75%.
About First Trust NASDAQ Rising Dividend Achievers
(
Free Report)
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.
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