Comerica Bank Buys 11,663 Shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Comerica Bank grew its stake in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY - Free Report) by 11.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 113,398 shares of the company's stock after acquiring an additional 11,663 shares during the quarter. Comerica Bank owned about 0.05% of First Trust NASDAQ Rising Dividend Achievers worth $6,706,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Raymond James Financial Inc. bought a new position in First Trust NASDAQ Rising Dividend Achievers in the fourth quarter valued at about $593,242,000. LPL Financial LLC lifted its stake in First Trust NASDAQ Rising Dividend Achievers by 4.8% in the 4th quarter. LPL Financial LLC now owns 21,307,144 shares of the company's stock valued at $1,260,104,000 after purchasing an additional 980,714 shares during the last quarter. Commonwealth Equity Services LLC boosted its position in First Trust NASDAQ Rising Dividend Achievers by 7.8% in the fourth quarter. Commonwealth Equity Services LLC now owns 5,640,003 shares of the company's stock valued at $333,550,000 after buying an additional 409,135 shares in the last quarter. SRS Capital Advisors Inc. grew its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 128.3% during the fourth quarter. SRS Capital Advisors Inc. now owns 708,953 shares of the company's stock worth $41,928,000 after buying an additional 398,469 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 3.8% in the 4th 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.

First Trust NASDAQ Rising Dividend Achievers Trading Down 0.2 %

RDVY traded down $0.09 on Friday, reaching $58.76. The stock had a trading volume of 713,832 shares, compared to its average volume of 840,159. The firm has a 50-day moving average of $57.07 and a 200-day moving average of $60.00. First Trust NASDAQ Rising Dividend Achievers has a fifty-two week low of $50.27 and a fifty-two week high of $64.63. The company has a market capitalization of $13.69 billion, a price-to-earnings ratio of 14.58 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were issued a dividend of $0.2544 per share. This represents a $1.02 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date was Thursday, March 27th. This is a positive change from First Trust NASDAQ Rising Dividend Achievers's previous quarterly dividend of $0.19.

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.