Citadel Advisors LLC Acquires 14,648 Shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Citadel Advisors LLC raised its holdings in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY - Free Report) by 38.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 52,401 shares of the company's stock after buying an additional 14,648 shares during the period. Citadel Advisors LLC's holdings in First Trust NASDAQ Rising Dividend Achievers were worth $3,099,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Triumph Capital Management grew its position in First Trust NASDAQ Rising Dividend Achievers by 7.6% during the 4th quarter. Triumph Capital Management now owns 116,915 shares of the company's stock worth $6,914,000 after acquiring an additional 8,263 shares during the last quarter. Next Level Private LLC boosted its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 6.2% during the fourth quarter. Next Level Private LLC now owns 262,333 shares of the company's stock valued at $15,514,000 after purchasing an additional 15,253 shares during the period. Aspire Capital Advisors LLC grew its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 3.7% in the fourth quarter. Aspire Capital Advisors LLC now owns 213,876 shares of the company's stock worth $12,649,000 after purchasing an additional 7,558 shares during the last quarter. Hidden Cove Wealth Management LLC bought a new position in shares of First Trust NASDAQ Rising Dividend Achievers in the fourth quarter worth approximately $4,219,000. Finally, Oppenheimer & Co. Inc. increased its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 4.6% in the fourth quarter. Oppenheimer & Co. Inc. now owns 123,295 shares of the company's stock worth $7,292,000 after buying an additional 5,417 shares during the period.

First Trust NASDAQ Rising Dividend Achievers Trading Down 0.4%

RDVY stock opened at $61.24 on Wednesday. The stock has a market capitalization of $14.27 billion, a price-to-earnings ratio of 14.58 and a beta of 1.15. The firm's 50-day moving average price is $57.39 and its two-hundred day moving average price is $60.08. 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 firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors 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 yield of 1.66%. The ex-dividend date was Thursday, March 27th. This is an increase from First Trust NASDAQ Rising Dividend Achievers's previous quarterly dividend of $0.19.

About First Trust NASDAQ Rising Dividend Achievers

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.

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