Wells Fargo & Company MN Acquires 327,729 Shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Wells Fargo & Company MN boosted its position in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY - Free Report) by 3.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,008,501 shares of the company's stock after purchasing an additional 327,729 shares during the period. Wells Fargo & Company MN owned approximately 4.13% of First Trust NASDAQ Rising Dividend Achievers worth $532,763,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Raymond James Financial Inc. acquired a new position in First Trust NASDAQ Rising Dividend Achievers in the 4th quarter worth about $593,242,000. LPL Financial LLC increased its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 4.8% during the fourth 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 in the last quarter. JPMorgan Chase & Co. lifted its holdings in First Trust NASDAQ Rising Dividend Achievers by 135.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,128,835 shares of the company's stock worth $66,838,000 after buying an additional 650,194 shares in the last quarter. Commonwealth Equity Services LLC lifted its holdings in 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 buying an additional 409,135 shares during the period. Finally, SRS Capital Advisors Inc. grew its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 128.3% in the 4th quarter. SRS Capital Advisors Inc. now owns 708,953 shares of the company's stock valued at $41,928,000 after buying an additional 398,469 shares during the period.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

First Trust NASDAQ Rising Dividend Achievers stock traded down $2.59 during mid-day trading on Thursday, reaching $53.38. The company's stock had a trading volume of 772,266 shares, compared to its average volume of 814,334. First Trust NASDAQ Rising Dividend Achievers has a 12 month low of $50.27 and a 12 month high of $64.63. The company has a market capitalization of $12.25 billion, a price-to-earnings ratio of 14.89 and a beta of 1.15. The business's 50 day simple moving average is $59.51 and its 200 day simple moving average is $60.47.

First Trust NASDAQ Rising Dividend Achievers Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were given a dividend of $0.2544 per share. The ex-dividend date was Thursday, March 27th. This represents a $1.02 dividend on an annualized basis and a yield of 1.91%. This is a positive change from First Trust NASDAQ Rising Dividend Achievers's previous quarterly dividend of $0.19.

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.