First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) Shares Sold by Baird Financial Group Inc.

Baird Financial Group Inc. reduced its stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY - Free Report) by 0.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 924,983 shares of the company's stock after selling 4,704 shares during the period. Baird Financial Group Inc. owned 0.42% of First Trust NASDAQ Rising Dividend Achievers worth $54,703,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Raymond James Financial Inc. acquired a new stake in First Trust NASDAQ Rising Dividend Achievers during the 4th quarter worth $593,242,000. Ameriprise Financial Inc. increased its position in shares of First Trust NASDAQ Rising Dividend Achievers by 30.0% during the fourth quarter. Ameriprise Financial Inc. now owns 6,135,682 shares of the company's stock worth $362,832,000 after purchasing an additional 1,417,024 shares in the last quarter. LPL Financial LLC lifted its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 4.8% in the 4th quarter. LPL Financial LLC now owns 21,307,144 shares of the company's stock valued at $1,260,104,000 after purchasing an additional 980,714 shares during the last quarter. Commonwealth Equity Services LLC boosted its position in shares of First Trust NASDAQ Rising Dividend Achievers by 7.8% in the 4th quarter. Commonwealth Equity Services LLC now owns 5,640,003 shares of the company's stock valued at $333,550,000 after purchasing an additional 409,135 shares during the period. Finally, SRS Capital Advisors Inc. grew its stake in First Trust NASDAQ Rising Dividend Achievers by 128.3% during the 4th quarter. SRS Capital Advisors Inc. now owns 708,953 shares of the company's stock worth $41,928,000 after buying an additional 398,469 shares during the last quarter.

First Trust NASDAQ Rising Dividend Achievers Trading Up 2.2 %

RDVY stock opened at $58.37 on Monday. The company has a market capitalization of $13.60 billion, a P/E ratio of 13.97 and a beta of 1.15. The business has a 50 day simple moving average of $57.28 and a 200-day simple moving average of $60.05. First Trust NASDAQ Rising Dividend Achievers has a twelve month low of $50.27 and a twelve month 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. Shareholders of record on Thursday, March 27th were given a dividend of $0.2544 per share. This is an increase from First Trust NASDAQ Rising Dividend Achievers's previous quarterly dividend of $0.19. This represents a $1.02 annualized dividend and a yield of 1.74%. The ex-dividend date of this dividend was Thursday, March 27th.

First Trust NASDAQ Rising Dividend Achievers Company Profile

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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