First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) Sees Significant Decline in Short Interest

First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY - Get Free Report) was the recipient of a significant decline in short interest in the month of March. As of March 15th, there was short interest totalling 227,700 shares, a decline of 34.4% from the February 28th total of 347,100 shares. Based on an average daily volume of 1,005,000 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the shares of the company are sold short.

Institutional Investors Weigh In On First Trust NASDAQ Rising Dividend Achievers

Several hedge funds have recently bought and sold shares of RDVY. MBE Wealth Management LLC lifted its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 4.2% during the fourth quarter. MBE Wealth Management LLC now owns 4,057 shares of the company's stock worth $240,000 after buying an additional 163 shares in the last quarter. Trueblood Wealth Management LLC raised its position in First Trust NASDAQ Rising Dividend Achievers by 1.4% during the fourth quarter. Trueblood Wealth Management LLC now owns 12,233 shares of the company's stock valued at $723,000 after purchasing an additional 167 shares in the last quarter. Pacific Sun Financial Corp lifted its position in shares of First Trust NASDAQ Rising Dividend Achievers by 2.9% during the 4th quarter. Pacific Sun Financial Corp now owns 6,090 shares of the company's stock worth $360,000 after buying an additional 170 shares during the last quarter. Continuum Advisory LLC boosted its stake in First Trust NASDAQ Rising Dividend Achievers by 1.7% in the fourth quarter. Continuum Advisory LLC now owns 10,589 shares of the company's stock valued at $626,000 after buying an additional 173 shares in the last quarter. Finally, Wealth Effects LLC grew its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 0.6% during the 4th quarter. Wealth Effects LLC now owns 34,830 shares of the company's stock valued at $2,060,000 after purchasing an additional 200 shares during the last quarter.

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First Trust NASDAQ Rising Dividend Achievers Stock Up 0.7 %

Shares of RDVY traded up $0.43 during trading hours on Wednesday, hitting $59.22. The company had a trading volume of 1,420,913 shares, compared to its average volume of 778,095. The business has a fifty day moving average of $60.84 and a 200-day moving average of $60.73. The firm has a market cap of $12.92 billion, a price-to-earnings ratio of 14.89 and a beta of 1.15. First Trust NASDAQ Rising Dividend Achievers has a 12 month low of $52.78 and a 12 month 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 issued a $0.2544 dividend. This is a boost from First Trust NASDAQ Rising Dividend Achievers's previous quarterly dividend of $0.19. This represents a $1.02 annualized dividend and a yield of 1.72%. 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.