Thoroughbred Financial Services LLC Buys 12,512 Shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Thoroughbred Financial Services LLC raised its holdings in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY - Free Report) by 8.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 156,016 shares of the company's stock after acquiring an additional 12,512 shares during the period. Thoroughbred Financial Services LLC owned about 0.07% of First Trust NASDAQ Rising Dividend Achievers worth $9,226,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Raymond James Financial Inc. bought a new stake in First Trust NASDAQ Rising Dividend Achievers during the 4th quarter worth approximately $593,242,000. LPL Financial LLC raised 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 worth $1,260,104,000 after purchasing an additional 980,714 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of First Trust NASDAQ Rising Dividend Achievers by 135.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,128,835 shares of the company's stock worth $66,838,000 after purchasing an additional 650,194 shares during the period. Commonwealth Equity Services LLC boosted its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 7.8% in the 4th quarter. Commonwealth Equity Services LLC now owns 5,640,003 shares of the company's stock valued at $333,550,000 after purchasing an additional 409,135 shares during the last quarter. Finally, SRS Capital Advisors Inc. increased its position 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 buying an additional 398,469 shares during the period.

First Trust NASDAQ Rising Dividend Achievers Trading Down 0.4 %

RDVY stock traded down $0.22 during midday trading on Wednesday, hitting $51.38. The stock had a trading volume of 605,602 shares, compared to its average volume of 807,319. The business has a fifty day moving average price of $59.79 and a two-hundred day moving average price of $60.52. First Trust NASDAQ Rising Dividend Achievers has a 1-year low of $50.27 and a 1-year high of $64.63. The firm has a market cap of $11.79 billion, a P/E 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. Investors of record on Thursday, March 27th were paid a dividend of $0.2544 per share. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $1.02 annualized dividend and a yield of 1.98%. This is a boost from First Trust NASDAQ Rising Dividend Achievers's previous quarterly dividend of $0.19.

First Trust NASDAQ Rising Dividend Achievers 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.