First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) Shares Purchased by Bank of America Corp DE

Bank of America Corp DE grew its position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY - Free Report) by 2.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,572,635 shares of the company's stock after acquiring an additional 153,168 shares during the quarter. Bank of America Corp DE owned about 2.55% of First Trust NASDAQ Rising Dividend Achievers worth $329,566,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Cullen Frost Bankers Inc. purchased a new position in shares of First Trust NASDAQ Rising Dividend Achievers in the 4th quarter worth approximately $25,000. Summit Investment Advisors Inc. boosted its holdings in 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 in the last quarter. Graney & King LLC acquired a new position in First Trust NASDAQ Rising Dividend Achievers during the fourth quarter worth $27,000. Marshall & Sterling Wealth Advisors Inc. acquired a new position in First Trust NASDAQ Rising Dividend Achievers during the fourth quarter worth $38,000. Finally, Sugarloaf Wealth Management LLC acquired a new stake in shares of First Trust NASDAQ Rising Dividend Achievers in the fourth quarter valued at about $40,000.

First Trust NASDAQ Rising Dividend Achievers Stock Up 0.7%

Shares of RDVY traded up $0.41 during trading on Tuesday, reaching $61.12. 264,071 shares of the company traded hands, compared to its average volume of 1,090,515. First Trust NASDAQ Rising Dividend Achievers has a twelve month low of $50.27 and a twelve month high of $64.63. The stock has a market cap of $14.24 billion, a PE ratio of 14.58 and a beta of 1.15. The stock has a 50-day simple moving average of $57.08 and a 200-day simple moving average of $60.01.

First Trust NASDAQ Rising Dividend Achievers Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were given a dividend of $0.2544 per share. The ex-dividend date was Thursday, March 27th. This represents a $1.02 dividend on an annualized basis and a yield of 1.66%. 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.