First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) Shares Purchased by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC grew its position in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 36.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 64,132 shares of the company’s stock after purchasing an additional 17,235 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $3,793,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Moment Partners LLC bought a new stake in First Trust NASDAQ Rising Dividend Achievers in the fourth quarter worth about $1,072,000. JPMorgan Chase & Co. grew its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 27.1% in the 4th quarter. JPMorgan Chase & Co. now owns 1,434,410 shares of the company’s stock worth $84,831,000 after purchasing an additional 305,575 shares during the last quarter. Graney & King LLC bought a new stake in shares of First Trust NASDAQ Rising Dividend Achievers in the 4th quarter worth approximately $27,000. Ausdal Financial Partners Inc. lifted its stake in First Trust NASDAQ Rising Dividend Achievers by 1.2% during the fourth quarter. Ausdal Financial Partners Inc. now owns 36,401 shares of the company’s stock valued at $2,153,000 after purchasing an additional 427 shares during the last quarter. Finally, Morey & Quinn Wealth Partners LLC bought a new stake in First Trust NASDAQ Rising Dividend Achievers during the fourth quarter worth approximately $1,282,000.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

Shares of NASDAQ:RDVY opened at $58.03 on Monday. The company has a market capitalization of $12.66 billion, a PE ratio of 14.89 and a beta of 1.15. The stock has a fifty day moving average of $60.99 and a 200-day moving average of $60.70. First Trust NASDAQ Rising Dividend Achievers has a one year low of $52.78 and a one year high of $64.63.

First Trust NASDAQ Rising Dividend Achievers Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 27th will be given 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 is Thursday, March 27th. This represents a $1.02 dividend on an annualized basis and a dividend yield of 1.75%.

First Trust NASDAQ Rising Dividend Achievers Company 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.