Stifel Financial Corp Purchases 83,390 Shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Stifel Financial Corp raised its holdings in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY - Free Report) by 5.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,759,159 shares of the company's stock after buying an additional 83,390 shares during the quarter. Stifel Financial Corp owned 0.81% of First Trust NASDAQ Rising Dividend Achievers worth $104,037,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in RDVY. OneDigital Investment Advisors LLC boosted its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 20.8% in the 4th quarter. OneDigital Investment Advisors LLC now owns 115,512 shares of the company's stock valued at $6,831,000 after purchasing an additional 19,891 shares in the last quarter. MML Investors Services LLC raised its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 2.8% in the fourth quarter. MML Investors Services LLC now owns 1,017,213 shares of the company's stock valued at $60,158,000 after buying an additional 27,761 shares during the last quarter. First Trust Advisors LP acquired a new position in First Trust NASDAQ Rising Dividend Achievers during the 4th quarter worth about $885,000. Frederick Financial Consultants LLC acquired a new stake in First Trust NASDAQ Rising Dividend Achievers in the 4th quarter valued at about $6,088,000. Finally, Concourse Financial Group Securities Inc. raised its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 4.8% in the fourth quarter. Concourse Financial Group Securities Inc. now owns 44,355 shares of the company's stock worth $2,781,000 after acquiring an additional 2,014 shares during the last quarter.

First Trust NASDAQ Rising Dividend Achievers Price Performance

Shares of First Trust NASDAQ Rising Dividend Achievers stock opened at $53.44 on Tuesday. The firm has a 50 day simple moving average of $58.28 and a 200 day simple moving average of $60.24. First Trust NASDAQ Rising Dividend Achievers has a fifty-two week low of $50.27 and a fifty-two week high of $64.63. The firm has a market cap of $12.35 billion, a P/E ratio of 13.97 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were issued a dividend of $0.2544 per share. 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 1.90%. The ex-dividend date was Thursday, March 27th.

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.

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