Triumph Capital Management Has $4.79 Million Stock Holdings in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Triumph Capital Management raised its holdings in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY - Free Report) by 29.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 92,685 shares of the company's stock after buying an additional 21,256 shares during the period. First Trust NASDAQ Rising Dividend Achievers comprises 2.0% of Triumph Capital Management's investment portfolio, making the stock its 12th largest position. Triumph Capital Management owned 0.05% of First Trust NASDAQ Rising Dividend Achievers worth $4,789,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. LPL Financial LLC grew its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 4.5% in the third quarter. LPL Financial LLC now owns 16,132,424 shares of the company's stock valued at $741,285,000 after buying an additional 689,605 shares in the last quarter. Morgan Stanley grew its position in First Trust NASDAQ Rising Dividend Achievers by 8.1% in the third quarter. Morgan Stanley now owns 12,995,589 shares of the company's stock valued at $597,147,000 after acquiring an additional 969,819 shares in the last quarter. International Assets Investment Management LLC raised its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 5,519.6% during the fourth quarter. International Assets Investment Management LLC now owns 6,615,517 shares of the company's stock valued at $341,824,000 after purchasing an additional 6,497,795 shares during the period. Raymond James Financial Services Advisors Inc. lifted its position in shares of First Trust NASDAQ Rising Dividend Achievers by 10.6% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 5,803,282 shares of the company's stock worth $299,856,000 after purchasing an additional 557,879 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 4.8% in the third quarter. Ameriprise Financial Inc. now owns 4,070,451 shares of the company's stock valued at $187,008,000 after purchasing an additional 187,162 shares during the period.

First Trust NASDAQ Rising Dividend Achievers Price Performance

RDVY traded down $0.05 during trading hours on Wednesday, reaching $53.27. 580,009 shares of the stock traded hands, compared to its average volume of 790,473. First Trust NASDAQ Rising Dividend Achievers has a fifty-two week low of $42.42 and a fifty-two week high of $56.28. The company has a market cap of $10.06 billion, a price-to-earnings ratio of 9.78 and a beta of 1.15. The firm's fifty day simple moving average is $54.25 and its two-hundred day simple moving average is $50.93.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 22nd were paid a dividend of $0.2238 per share. The ex-dividend date was Thursday, March 21st. This represents a $0.90 annualized dividend and a dividend yield of 1.68%.

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.