Owen LaRue LLC Has $1.78 Million Stock Position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Owen LaRue LLC increased its holdings in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY - Free Report) by 30.7% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 30,138 shares of the company's stock after purchasing an additional 7,078 shares during the period. First Trust NASDAQ Rising Dividend Achievers accounts for approximately 0.9% of Owen LaRue LLC's holdings, making the stock its 29th largest position. Owen LaRue LLC's holdings in First Trust NASDAQ Rising Dividend Achievers were worth $1,782,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Cullen Frost Bankers Inc. bought a new position in First Trust NASDAQ Rising Dividend Achievers during the fourth quarter worth about $25,000. Summit Investment Advisors Inc. grew 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 purchasing an additional 293 shares during the period. Graney & King LLC bought a new position in First Trust NASDAQ Rising Dividend Achievers during the fourth quarter worth about $27,000. Marshall & Sterling Wealth Advisors Inc. bought a new position in First Trust NASDAQ Rising Dividend Achievers during the fourth quarter worth about $38,000. Finally, Sugarloaf Wealth Management LLC bought a new position in First Trust NASDAQ Rising Dividend Achievers during the fourth quarter worth about $40,000.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

First Trust NASDAQ Rising Dividend Achievers stock opened at $56.86 on Tuesday. First Trust NASDAQ Rising Dividend Achievers has a 52 week low of $50.27 and a 52 week high of $64.63. The stock has a market capitalization of $13.22 billion, a P/E ratio of 13.97 and a beta of 1.15. The stock has a 50-day simple moving average of $57.62 and a 200 day simple moving average of $60.14.

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 dividend of $0.2544 per share. This represents a $1.02 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date was Thursday, March 27th. This is a boost 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.

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