Royal Bank of Canada Has $201.26 Million Stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Royal Bank of Canada grew its stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY - Free Report) by 11.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,403,022 shares of the company's stock after acquiring an additional 344,216 shares during the quarter. Royal Bank of Canada owned 1.56% of First Trust NASDAQ Rising Dividend Achievers worth $201,255,000 at the end of the most recent quarter.

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

First Trust NASDAQ Rising Dividend Achievers Trading Down 1.8%

Shares of First Trust NASDAQ Rising Dividend Achievers stock traded down $1.08 during trading on Wednesday, reaching $60.16. The stock had a trading volume of 976,654 shares, compared to its average volume of 847,219. The company has a market capitalization of $14.01 billion, a price-to-earnings ratio of 14.58 and a beta of 1.15. The stock has a fifty day moving average price of $57.39 and a two-hundred day moving average price of $60.08. First Trust NASDAQ Rising Dividend Achievers has a 52 week low of $50.27 and a 52 week 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 issued a $0.2544 dividend. 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. This represents a $1.02 dividend on an annualized basis and a dividend yield of 1.69%.

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.