Novem Group Acquires New Holdings in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY)

Novem Group acquired a new position in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 17,866 shares of the company's stock, valued at approximately $1,057,000.

A number of other hedge funds have also bought and sold shares of RDVY. Raymond James Financial Inc. bought a new position in First Trust Rising Dividend Achievers ETF in the 4th quarter worth $593,242,000. Leigh Baldwin & CO. LLC bought a new stake in First Trust Rising Dividend Achievers ETF during the 4th quarter valued at about $132,464,000. Ameriprise Financial Inc. raised its holdings in First Trust Rising Dividend Achievers ETF by 30.0% in the 4th quarter. Ameriprise Financial Inc. now owns 6,135,682 shares of the company's stock worth $362,832,000 after acquiring an additional 1,417,024 shares during the last quarter. LPL Financial LLC boosted its position in shares of First Trust Rising Dividend Achievers ETF by 4.8% during the fourth 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. Finally, Commonwealth Equity Services LLC grew its stake in shares of First Trust Rising Dividend Achievers ETF by 7.8% in the fourth quarter. Commonwealth Equity Services LLC now owns 5,640,003 shares of the company's stock worth $333,550,000 after acquiring an additional 409,135 shares during the period.

First Trust Rising Dividend Achievers ETF Stock Down 0.9%

RDVY traded down $0.54 during trading on Monday, hitting $59.43. The company's stock had a trading volume of 964,238 shares, compared to its average volume of 850,676. The business's 50 day simple moving average is $57.47 and its 200-day simple moving average is $60.04. The firm has a market cap of $13.84 billion, a PE ratio of 14.58 and a beta of 1.15. First Trust Rising Dividend Achievers ETF has a one year low of $50.27 and a one year high of $64.63.

First Trust Rising Dividend Achievers ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were given a $0.2544 dividend. This is an increase from First Trust Rising Dividend Achievers ETF's previous quarterly dividend of $0.19. This represents a $1.02 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date of this dividend was Thursday, March 27th.

About First Trust Rising Dividend Achievers ETF

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.