Prudential PLC Takes Position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Prudential PLC bought 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 (SEC). The institutional investor bought 30,500 shares of the company's stock, valued at approximately $1,804,000.

A number of other large investors have also modified their holdings of the stock. LPL Financial LLC boosted its holdings in 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 worth $1,260,104,000 after acquiring an additional 980,714 shares during the period. Raymond James Financial Inc. acquired a new stake in First Trust NASDAQ Rising Dividend Achievers during the 4th quarter valued at $593,242,000. Commonwealth Equity Services LLC increased its stake 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 buying an additional 409,135 shares during the period. Kestra Advisory Services LLC lifted its holdings in First Trust NASDAQ Rising Dividend Achievers by 1.8% in the 4th quarter. Kestra Advisory Services LLC now owns 2,572,894 shares of the company's stock worth $152,161,000 after buying an additional 46,729 shares in the last quarter. Finally, Private Advisor Group LLC boosted its position in First Trust NASDAQ Rising Dividend Achievers by 11.9% in the 4th quarter. Private Advisor Group LLC now owns 1,835,062 shares of the company's stock valued at $108,526,000 after buying an additional 195,213 shares during the last quarter.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

Shares of NASDAQ RDVY traded up $0.07 during midday trading on Friday, reaching $54.13. 493,208 shares of the company's stock were exchanged, compared to its average volume of 817,960. First Trust NASDAQ Rising Dividend Achievers has a 52-week low of $50.27 and a 52-week high of $64.63. The business's fifty day moving average price is $59.35 and its two-hundred day moving average price is $60.44. The stock has a market capitalization of $12.42 billion, a PE ratio of 14.89 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were given a $0.2544 dividend. This represents a $1.02 dividend on an annualized basis and a dividend yield of 1.88%. This is a positive change from First Trust NASDAQ Rising Dividend Achievers's previous quarterly dividend of $0.19. The ex-dividend date was Thursday, March 27th.

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.