Ameriprise Financial Inc. Increases Stock Holdings in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Ameriprise Financial Inc. raised its stake in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY - Free Report) by 30.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,135,682 shares of the company's stock after purchasing an additional 1,417,024 shares during the quarter. Ameriprise Financial Inc. owned about 2.81% of First Trust NASDAQ Rising Dividend Achievers worth $362,832,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in RDVY. Cullen Frost Bankers Inc. acquired a new position in First Trust NASDAQ Rising Dividend Achievers in the 4th quarter worth approximately $25,000. Summit Investment Advisors Inc. increased its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 195.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 443 shares of the company's stock worth $26,000 after acquiring an additional 293 shares during the period. Graney & King LLC purchased a new position in shares of First Trust NASDAQ Rising Dividend Achievers during the fourth quarter worth $27,000. Marshall & Sterling Wealth Advisors Inc. acquired a new position in First Trust NASDAQ Rising Dividend Achievers during the fourth quarter valued at $38,000. Finally, Sugarloaf Wealth Management LLC purchased a new stake in First Trust NASDAQ Rising Dividend Achievers in the fourth quarter valued at $40,000.

First Trust NASDAQ Rising Dividend Achievers Trading Down 0.2 %

Shares of NASDAQ RDVY traded down $0.09 during trading on Friday, reaching $58.76. 714,703 shares of the company traded hands, compared to its average volume of 842,600. The stock has a market cap of $13.69 billion, a P/E ratio of 14.58 and a beta of 1.15. The firm's fifty day simple moving average is $57.06 and its 200 day simple moving average is $60.00. First Trust NASDAQ Rising Dividend Achievers has a 12-month low of $50.27 and a 12-month high of $64.63.

First Trust NASDAQ Rising Dividend Achievers Increases Dividend

The business also recently declared 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. 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 1.73%. The ex-dividend date was Thursday, March 27th.

First Trust NASDAQ Rising Dividend Achievers Company 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.