First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) Shares Sold by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV lessened its holdings in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY - Free Report) by 42.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 34,657 shares of the company's stock after selling 25,579 shares during the quarter. Mercer Global Advisors Inc. ADV's holdings in First Trust NASDAQ Rising Dividend Achievers were worth $2,050,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. ORG Partners LLC boosted its stake in First Trust NASDAQ Rising Dividend Achievers by 259.3% in the 4th quarter. ORG Partners LLC now owns 202,120 shares of the company's stock worth $11,953,000 after purchasing an additional 145,866 shares in the last quarter. Next Level Private LLC raised its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 6.2% in the fourth quarter. Next Level Private LLC now owns 262,333 shares of the company's stock worth $15,514,000 after buying an additional 15,253 shares during the last quarter. Aspire Capital Advisors LLC raised its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 3.7% in the fourth quarter. Aspire Capital Advisors LLC now owns 213,876 shares of the company's stock worth $12,649,000 after buying an additional 7,558 shares during the last quarter. Hidden Cove Wealth Management LLC acquired a new stake in shares of First Trust NASDAQ Rising Dividend Achievers during the fourth quarter worth $4,219,000. Finally, Oppenheimer & Co. Inc. grew its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 4.6% during the fourth quarter. Oppenheimer & Co. Inc. now owns 123,295 shares of the company's stock valued at $7,292,000 after buying an additional 5,417 shares during the last quarter.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

Shares of NASDAQ RDVY traded up $0.45 during mid-day trading on Tuesday, hitting $61.16. The stock had a trading volume of 224,059 shares, compared to its average volume of 839,478. The firm has a market cap of $14.25 billion, a PE ratio of 14.58 and a beta of 1.15. The company has a 50 day moving average of $57.08 and a two-hundred day moving average of $60.01. 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 company 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 a positive change 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 1.66%.

First Trust NASDAQ Rising Dividend Achievers 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.