First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) Shares Acquired by Dagco Inc.

Dagco Inc. lifted its stake in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY - Free Report) by 59.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,687 shares of the company's stock after buying an additional 6,988 shares during the quarter. Dagco Inc.'s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $1,105,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in RDVY. LPL Financial LLC grew its position in shares of First Trust NASDAQ Rising Dividend Achievers by 4.8% during the 4th quarter. LPL Financial LLC now owns 21,307,144 shares of the company's stock valued at $1,260,104,000 after buying an additional 980,714 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of First Trust NASDAQ Rising Dividend Achievers during the 4th quarter worth approximately $593,242,000. Wells Fargo & Company MN lifted its holdings 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 worth $532,763,000 after purchasing an additional 327,729 shares during the last quarter. Commonwealth Equity Services LLC boosted its position in First Trust NASDAQ Rising Dividend Achievers by 7.8% during the 4th quarter. Commonwealth Equity Services LLC now owns 5,640,003 shares of the company's stock valued at $333,550,000 after purchasing an additional 409,135 shares during the period. Finally, Kestra Advisory Services LLC grew its stake in First Trust NASDAQ Rising Dividend Achievers by 1.8% during the 4th quarter. Kestra Advisory Services LLC now owns 2,572,894 shares of the company's stock worth $152,161,000 after buying an additional 46,729 shares during the last quarter.

First Trust NASDAQ Rising Dividend Achievers Price Performance

Shares of RDVY stock traded up $0.15 during trading hours on Friday, reaching $54.65. The stock had a trading volume of 1,219,290 shares, compared to its average volume of 827,103. The firm has a 50-day simple moving average of $58.44 and a 200-day simple moving average of $60.27. The firm has a market capitalization of $12.63 billion, a PE ratio of 13.97 and a beta of 1.15. First Trust NASDAQ Rising Dividend Achievers has a twelve month low of $50.27 and a twelve month high of $64.63.

First Trust NASDAQ Rising Dividend Achievers Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were given a dividend of $0.2544 per share. The ex-dividend date of this dividend was Thursday, March 27th. This is an increase from First Trust NASDAQ Rising Dividend Achievers's previous quarterly dividend of $0.19. This represents a $1.02 annualized dividend and a dividend yield of 1.86%.

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.