Sagespring Wealth Partners LLC Invests $1.03 Million in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Sagespring Wealth Partners LLC bought a new position in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 17,390 shares of the company's stock, valued at approximately $1,028,000.

Several other large investors have also recently modified their holdings of the business. 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 buying an additional 980,714 shares during the period. Raymond James Financial Inc. bought a new stake in shares of First Trust NASDAQ Rising Dividend Achievers during the 4th quarter valued at $593,242,000. Wells Fargo & Company MN lifted its holdings in First Trust NASDAQ Rising Dividend Achievers by 3.8% during the 4th quarter. Wells Fargo & Company MN now owns 9,008,501 shares of the company's stock worth $532,763,000 after purchasing an additional 327,729 shares in the last quarter. Commonwealth Equity Services LLC boosted its position in shares of 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 valued at $333,550,000 after acquiring an additional 409,135 shares during the period. Finally, Kestra Advisory Services LLC boosted 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 valued at $152,161,000 after purchasing an additional 46,729 shares during the period.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

First Trust NASDAQ Rising Dividend Achievers stock traded up $0.15 during midday trading on Friday, hitting $54.65. 1,219,290 shares of the company's stock were exchanged, compared to its average volume of 827,103. The company has a market cap of $12.63 billion, a P/E ratio of 13.97 and a beta of 1.15. The stock has a 50-day moving average price of $58.44 and a two-hundred day moving average price of $60.27. First Trust NASDAQ Rising Dividend Achievers has a 52-week low of $50.27 and a 52-week high of $64.63.

First Trust NASDAQ Rising Dividend Achievers Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were paid a $0.2544 dividend. This represents a $1.02 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date was Thursday, March 27th. This is a boost 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.