First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) Stock Position Raised by Truist Financial Corp

Truist Financial Corp grew its holdings in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY - Free Report) by 12.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 752,466 shares of the company's stock after purchasing an additional 85,018 shares during the period. Truist Financial Corp owned about 0.38% of First Trust NASDAQ Rising Dividend Achievers worth $41,198,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in RDVY. BNP Paribas Financial Markets raised its holdings in First Trust NASDAQ Rising Dividend Achievers by 24,700.0% in the 1st quarter. BNP Paribas Financial Markets now owns 496 shares of the company's stock valued at $28,000 after acquiring an additional 494 shares in the last quarter. Headlands Technologies LLC bought a new stake in First Trust NASDAQ Rising Dividend Achievers during the second quarter worth about $29,000. Kings Path Partners LLC acquired a new stake in First Trust NASDAQ Rising Dividend Achievers during the second quarter worth about $31,000. Russell Investments Group Ltd. bought a new position in First Trust NASDAQ Rising Dividend Achievers in the 1st quarter valued at about $34,000. Finally, Rothschild Investment LLC acquired a new position in shares of First Trust NASDAQ Rising Dividend Achievers in the 2nd quarter valued at approximately $34,000.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

Shares of NASDAQ RDVY traded down $0.06 during trading hours on Thursday, hitting $58.78. 613,453 shares of the stock were exchanged, compared to its average volume of 730,822. First Trust NASDAQ Rising Dividend Achievers has a 1-year low of $43.30 and a 1-year high of $59.38. The company has a market cap of $11.99 billion, a PE ratio of 10.08 and a beta of 1.15. The company's fifty day simple moving average is $57.24 and its two-hundred day simple moving average is $55.80.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were paid a $0.1912 dividend. The ex-dividend date was Thursday, September 26th. This represents a $0.76 annualized dividend and a dividend yield of 1.30%.

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.