Y Intercept Hong Kong Ltd Boosts Stock Holdings in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Y Intercept Hong Kong Ltd raised its position in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY - Free Report) by 298.1% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 33,313 shares of the company's stock after buying an additional 24,946 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in First Trust NASDAQ Rising Dividend Achievers were worth $1,972,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Great Valley Advisor Group Inc. raised its stake in First Trust NASDAQ Rising Dividend Achievers by 19.7% in the second quarter. Great Valley Advisor Group Inc. now owns 35,149 shares of the company's stock valued at $1,924,000 after buying an additional 5,788 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its position in shares of First Trust NASDAQ Rising Dividend Achievers by 4.2% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 227,536 shares of the company's stock valued at $12,458,000 after purchasing an additional 9,123 shares during the last quarter. AdvisorNet Financial Inc boosted its stake in First Trust NASDAQ Rising Dividend Achievers by 5.6% in the 2nd quarter. AdvisorNet Financial Inc now owns 19,063 shares of the company's stock worth $1,044,000 after purchasing an additional 1,003 shares in the last quarter. Bar Harbor Wealth Management purchased a new stake in First Trust NASDAQ Rising Dividend Achievers during the 2nd quarter worth approximately $289,000. Finally, Old Port Advisors increased its stake in First Trust NASDAQ Rising Dividend Achievers by 3.9% during the 2nd quarter. Old Port Advisors now owns 6,728 shares of the company's stock valued at $368,000 after purchasing an additional 250 shares in the last quarter.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

Shares of NASDAQ RDVY traded up $0.40 during mid-day trading on Wednesday, hitting $62.54. The stock had a trading volume of 779,752 shares, compared to its average volume of 718,313. The firm has a market cap of $12.89 billion, a PE ratio of 10.08 and a beta of 1.15. The company has a 50 day moving average of $61.44 and a two-hundred day moving average of $58.11. First Trust NASDAQ Rising Dividend Achievers has a twelve month low of $49.02 and a twelve month high of $64.63.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were issued a dividend of $0.1912 per share. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $0.76 annualized dividend and a dividend yield of 1.22%.

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.