15,982 Shares in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) Acquired by Topsail Wealth Management LLC

Topsail Wealth Management LLC bought a new stake in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 15,982 shares of the company’s stock, valued at approximately $945,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Raymond James Financial Inc. bought a new stake in shares of First Trust NASDAQ Rising Dividend Achievers during the 4th quarter worth $593,242,000. LPL Financial LLC lifted its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 4.8% during the fourth 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. JPMorgan Chase & Co. boosted its position in shares of First Trust NASDAQ Rising Dividend Achievers by 135.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,128,835 shares of the company’s stock valued at $66,838,000 after purchasing an additional 650,194 shares during the period. Commonwealth Equity Services LLC increased its stake in 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 worth $333,550,000 after purchasing an additional 409,135 shares in the last quarter. Finally, SRS Capital Advisors Inc. raised its holdings 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 period.

First Trust NASDAQ Rising Dividend Achievers Trading Up 1.8 %

RDVY stock opened at $56.81 on Friday. The firm has a 50-day moving average of $57.88 and a two-hundred day moving average of $60.16. The firm has a market capitalization of $13.19 billion, a PE ratio of 13.97 and a beta of 1.15. First Trust NASDAQ Rising Dividend Achievers has a one year low of $50.27 and a one year 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. Investors of record on Thursday, March 27th were paid a $0.2544 dividend. This is a positive change from First Trust NASDAQ Rising Dividend Achievers’s previous quarterly dividend of $0.19. The ex-dividend date was Thursday, March 27th. This represents a $1.02 dividend on an annualized basis and a yield of 1.79%.

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.