Moment Partners LLC Purchases New Position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Moment Partners LLC purchased a new position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 18,125 shares of the company's stock, valued at approximately $1,072,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. LPL Financial LLC boosted its holdings in shares of 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 buying an additional 980,714 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in First Trust NASDAQ Rising Dividend Achievers in the fourth quarter valued at approximately $593,242,000. Commonwealth Equity Services LLC grew its holdings in First Trust NASDAQ Rising Dividend Achievers by 7.8% in the fourth quarter. Commonwealth Equity Services LLC now owns 5,640,003 shares of the company's stock worth $333,550,000 after purchasing an additional 409,135 shares during the last quarter. Kestra Advisory Services LLC increased its position in shares of First Trust NASDAQ Rising Dividend Achievers by 1.8% during the fourth quarter. Kestra Advisory Services LLC now owns 2,572,894 shares of the company's stock worth $152,161,000 after purchasing an additional 46,729 shares in the last quarter. Finally, Private Advisor Group LLC lifted its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 11.9% during the 4th quarter. Private Advisor Group LLC now owns 1,835,062 shares of the company's stock valued at $108,526,000 after purchasing an additional 195,213 shares during the last quarter.

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First Trust NASDAQ Rising Dividend Achievers Stock Down 0.2 %

Shares of First Trust NASDAQ Rising Dividend Achievers stock traded down $0.10 during trading on Monday, reaching $57.93. The company's stock had a trading volume of 313,225 shares, compared to its average volume of 771,754. The company has a 50-day simple moving average of $60.99 and a two-hundred day simple moving average of $60.70. First Trust NASDAQ Rising Dividend Achievers has a 1-year low of $52.78 and a 1-year high of $64.63. The company has a market cap of $12.64 billion, a price-to-earnings ratio of 14.89 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 27th will be paid a $0.2544 dividend. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $1.02 dividend on an annualized basis and a dividend yield of 1.76%. This is a positive change from First Trust NASDAQ Rising Dividend Achievers's previous quarterly dividend of $0.19.

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.