First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) Shares Acquired by Betterment LLC

Betterment LLC lifted its stake in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY - Free Report) by 77.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 35,869 shares of the company's stock after purchasing an additional 15,629 shares during the quarter. Betterment LLC's holdings in First Trust NASDAQ Rising Dividend Achievers were worth $2,121,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. LPL Financial LLC raised its stake 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 valued at $1,260,104,000 after acquiring an additional 980,714 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of First Trust NASDAQ Rising Dividend Achievers during the fourth quarter valued at $593,242,000. Wells Fargo & Company MN raised its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 3.8% during the fourth quarter. Wells Fargo & Company MN now owns 9,008,501 shares of the company's stock valued at $532,763,000 after acquiring an additional 327,729 shares during the last quarter. Commonwealth Equity Services LLC raised its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 7.8% during the fourth quarter. Commonwealth Equity Services LLC now owns 5,640,003 shares of the company's stock valued at $333,550,000 after acquiring an additional 409,135 shares during the last quarter. Finally, Kestra Advisory Services LLC raised its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 1.8% during the fourth quarter. Kestra Advisory Services LLC now owns 2,572,894 shares of the company's stock valued at $152,161,000 after acquiring an additional 46,729 shares during the last quarter.

First Trust NASDAQ Rising Dividend Achievers Stock Up 0.2 %

Shares of RDVY stock traded up $0.12 during trading hours on Thursday, hitting $57.14. 801,267 shares of the company's stock traded hands, compared to its average volume of 836,835. First Trust NASDAQ Rising Dividend Achievers has a 12 month low of $50.27 and a 12 month high of $64.63. The stock's 50 day simple moving average is $57.42 and its 200 day simple moving average is $60.09. The stock has a market cap of $13.29 billion, a PE ratio of 13.97 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were issued a $0.2544 dividend. This represents a $1.02 dividend on an annualized basis and a yield of 1.78%. This is a boost from First Trust NASDAQ Rising Dividend Achievers's previous quarterly dividend of $0.19. The ex-dividend date of this dividend 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.