Triumph Capital Management grew its stake in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY - Free Report) by 7.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 116,915 shares of the company's stock after acquiring an additional 8,263 shares during the quarter. First Trust NASDAQ Rising Dividend Achievers comprises about 2.4% of Triumph Capital Management's portfolio, making the stock its 7th biggest holding. Triumph Capital Management owned approximately 0.05% of First Trust NASDAQ Rising Dividend Achievers worth $6,914,000 as of its most recent filing with the SEC.
Other large investors also recently modified their holdings of the company. Cullen Frost Bankers Inc. acquired a new stake in shares of First Trust NASDAQ Rising Dividend Achievers in the 4th quarter valued at approximately $25,000. Summit Investment Advisors Inc. grew its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 195.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 443 shares of the company's stock worth $26,000 after buying an additional 293 shares during the last quarter. Graney & King LLC bought a new stake in shares of First Trust NASDAQ Rising Dividend Achievers during the fourth quarter worth $27,000. Marshall & Sterling Wealth Advisors Inc. acquired a new position in shares of First Trust NASDAQ Rising Dividend Achievers during the fourth quarter worth $38,000. Finally, Sound Income Strategies LLC bought a new position in shares of First Trust NASDAQ Rising Dividend Achievers in the 4th quarter valued at $40,000.
First Trust NASDAQ Rising Dividend Achievers Price Performance
RDVY stock traded down $1.08 during midday trading on Wednesday, reaching $60.16. 976,654 shares of the stock were exchanged, compared to its average volume of 845,640. First Trust NASDAQ Rising Dividend Achievers has a 52 week low of $50.27 and a 52 week high of $64.63. The company has a fifty day moving average price of $57.39 and a 200 day moving average price of $60.08. The stock has a market capitalization of $14.01 billion, a PE ratio of 14.58 and a beta of 1.15.
First Trust NASDAQ Rising Dividend Achievers Increases Dividend
The company 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 is a boost 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 1.69%. The ex-dividend date of this dividend was Thursday, March 27th.
First Trust NASDAQ Rising Dividend Achievers Profile
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Free Report)
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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