International Assets Investment Management LLC Grows Stock Holdings in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

International Assets Investment Management LLC grew its holdings in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY - Free Report) by 5,519.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,615,517 shares of the company's stock after buying an additional 6,497,795 shares during the period. International Assets Investment Management LLC owned approximately 3.67% of First Trust NASDAQ Rising Dividend Achievers worth $341,824,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Farmers & Merchants Investments Inc. bought a new position in shares of First Trust NASDAQ Rising Dividend Achievers in the 4th quarter worth $25,000. PFG Private Wealth Management LLC bought a new position in shares of First Trust NASDAQ Rising Dividend Achievers in the 4th quarter worth $26,000. Harbor Investment Advisory LLC bought a new position in shares of First Trust NASDAQ Rising Dividend Achievers in the 3rd quarter worth $29,000. BKM Wealth Management LLC bought a new position in shares of First Trust NASDAQ Rising Dividend Achievers in the 4th quarter worth $43,000. Finally, Crewe Advisors LLC bought a new position in shares of First Trust NASDAQ Rising Dividend Achievers in the 3rd quarter worth $47,000.

First Trust NASDAQ Rising Dividend Achievers Trading Up 0.8 %

Shares of RDVY traded up $0.46 during trading hours on Friday, reaching $55.37. The stock had a trading volume of 711,791 shares, compared to its average volume of 822,707. First Trust NASDAQ Rising Dividend Achievers has a 12 month low of $42.42 and a 12 month high of $56.28. The firm has a 50-day simple moving average of $53.33 and a 200 day simple moving average of $49.86. The company has a market capitalization of $10.05 billion, a price-to-earnings ratio of 9.91 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 22nd were given a $0.2238 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date was Thursday, March 21st.

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.