NewEdge Advisors LLC Has $47.25 Million Position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

NewEdge Advisors LLC raised its stake in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY - Free Report) by 4.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 798,960 shares of the company's stock after buying an additional 37,451 shares during the period. NewEdge Advisors LLC owned 0.37% of First Trust NASDAQ Rising Dividend Achievers worth $47,251,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in RDVY. Raymond James Financial Inc. acquired a new position in shares of First Trust NASDAQ Rising Dividend Achievers in the 4th quarter valued at $593,242,000. LPL Financial LLC lifted its holdings in 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. JPMorgan Chase & Co. boosted its position in First Trust NASDAQ Rising Dividend Achievers by 135.8% in the third quarter. JPMorgan Chase & Co. now owns 1,128,835 shares of the company's stock valued at $66,838,000 after buying an additional 650,194 shares in the last quarter. Commonwealth Equity Services LLC grew its position in 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 acquiring an additional 409,135 shares during the last quarter. Finally, SRS Capital Advisors Inc. grew its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 128.3% during the fourth quarter. SRS Capital Advisors Inc. now owns 708,953 shares of the company's stock worth $41,928,000 after purchasing an additional 398,469 shares during the last quarter.

First Trust NASDAQ Rising Dividend Achievers Stock Down 2.5 %

NASDAQ:RDVY traded down $1.36 during trading hours on Monday, hitting $53.29. 335,467 shares of the stock were exchanged, compared to its average volume of 825,097. First Trust NASDAQ Rising Dividend Achievers has a twelve month low of $50.27 and a twelve month high of $64.63. The company has a market capitalization of $12.32 billion, a P/E ratio of 13.97 and a beta of 1.15. The company's 50 day moving average is $58.44 and its two-hundred day moving average is $60.29.

First Trust NASDAQ Rising Dividend Achievers Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were paid a $0.2544 dividend. This represents a $1.02 annualized dividend and a dividend yield of 1.91%. The ex-dividend date of this dividend was Thursday, March 27th. This is a positive change from First Trust NASDAQ Rising Dividend Achievers's previous quarterly dividend of $0.19.

About First Trust NASDAQ Rising Dividend Achievers

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.