BNP Paribas Financial Markets Takes $6.98 Million Position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

BNP Paribas Financial Markets acquired a new position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 118,020 shares of the company's stock, valued at approximately $6,980,000. BNP Paribas Financial Markets owned approximately 0.05% of First Trust NASDAQ Rising Dividend Achievers at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Triumph Capital Management boosted its position in First Trust NASDAQ Rising Dividend Achievers by 7.6% in the 4th quarter. Triumph Capital Management now owns 116,915 shares of the company's stock worth $6,914,000 after purchasing an additional 8,263 shares in the last quarter. Next Level Private LLC boosted its position in First Trust NASDAQ Rising Dividend Achievers by 6.2% in the 4th quarter. Next Level Private LLC now owns 262,333 shares of the company's stock worth $15,514,000 after purchasing an additional 15,253 shares in the last quarter. Aspire Capital Advisors LLC boosted its position in First Trust NASDAQ Rising Dividend Achievers by 3.7% in the 4th quarter. Aspire Capital Advisors LLC now owns 213,876 shares of the company's stock worth $12,649,000 after purchasing an additional 7,558 shares in the last quarter. Hidden Cove Wealth Management LLC acquired a new position in shares of First Trust NASDAQ Rising Dividend Achievers during the 4th quarter worth approximately $4,219,000. Finally, Oppenheimer & Co. Inc. raised its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 4.6% during the 4th quarter. Oppenheimer & Co. Inc. now owns 123,295 shares of the company's stock worth $7,292,000 after buying an additional 5,417 shares during the period.

First Trust NASDAQ Rising Dividend Achievers Stock Up 0.6%

Shares of RDVY stock traded up $0.36 during trading hours on Friday, hitting $61.52. 766,180 shares of the company's stock were exchanged, compared to its average volume of 846,175. The firm has a market cap of $14.33 billion, a P/E ratio of 14.58 and a beta of 1.15. The firm has a 50 day moving average of $57.24 and a two-hundred day moving average of $60.05. First Trust NASDAQ Rising Dividend Achievers has a fifty-two week low of $50.27 and a fifty-two week high of $64.63.

First Trust NASDAQ Rising Dividend Achievers Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were paid a dividend of $0.2544 per share. This represents a $1.02 annualized dividend and a dividend yield of 1.65%. This is an increase from First Trust NASDAQ Rising Dividend Achievers's previous quarterly dividend of $0.19. The ex-dividend date was Thursday, March 27th.

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.