Cary Street Partners Financial LLC Purchases New Shares in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Cary Street Partners Financial LLC 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 filing with the Securities and Exchange Commission. The institutional investor acquired 26,948 shares of the company's stock, valued at approximately $1,594,000.

Other institutional investors have also recently made changes to their positions in the company. Cullen Frost Bankers Inc. bought a new position in shares of First Trust NASDAQ Rising Dividend Achievers in the fourth quarter worth approximately $25,000. Summit Investment Advisors Inc. boosted its position 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 purchasing an additional 293 shares during the period. Graney & King LLC bought a new position in shares of First Trust NASDAQ Rising Dividend Achievers in the fourth quarter worth approximately $27,000. Marshall & Sterling Wealth Advisors Inc. bought a new stake in shares of First Trust NASDAQ Rising Dividend Achievers during the fourth quarter valued at approximately $38,000. Finally, Sound Income Strategies LLC bought a new stake in shares of First Trust NASDAQ Rising Dividend Achievers during the fourth quarter valued at approximately $40,000.

First Trust NASDAQ Rising Dividend Achievers Trading Up 0.7%

Shares of RDVY stock traded up $0.41 on Tuesday, reaching $61.12. The company's stock had a trading volume of 264,071 shares, compared to its average volume of 839,634. The company has a market capitalization of $14.24 billion, a price-to-earnings ratio of 14.58 and a beta of 1.15. The stock's fifty day simple moving average is $57.08 and its 200-day simple moving average is $60.01. First Trust NASDAQ Rising Dividend Achievers has a 1 year low of $50.27 and a 1 year high of $64.63.

First Trust NASDAQ Rising Dividend Achievers Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were paid a dividend of $0.2544 per share. This is an increase 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. This represents a $1.02 dividend on an annualized basis and a yield of 1.66%.

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.