NewEdge Advisors LLC Buys 37,451 Shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

NewEdge Advisors LLC lifted its stake in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 4.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 798,960 shares of the company’s stock after purchasing an additional 37,451 shares during the quarter. NewEdge Advisors LLC’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $47,251,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Cullen Frost Bankers Inc. acquired a new position in shares of First Trust NASDAQ Rising Dividend Achievers in the 4th quarter valued at approximately $25,000. Summit Investment Advisors Inc. lifted its stake 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 last quarter. Graney & King LLC acquired a new stake in shares of First Trust NASDAQ Rising Dividend Achievers in the 4th quarter valued at $27,000. Sugarloaf Wealth Management LLC bought a new position in shares of First Trust NASDAQ Rising Dividend Achievers in the 4th quarter valued at $40,000. Finally, Sound Income Strategies LLC acquired a new position in shares of First Trust NASDAQ Rising Dividend Achievers during the 4th quarter worth $40,000.

First Trust NASDAQ Rising Dividend Achievers Stock Down 0.2 %

NASDAQ:RDVY opened at $55.36 on Wednesday. First Trust NASDAQ Rising Dividend Achievers has a twelve month low of $50.27 and a twelve month high of $64.63. The stock’s 50-day simple moving average is $58.90 and its 200 day simple moving average is $60.37. The firm has a market capitalization of $12.79 billion, a PE ratio of 13.97 and a beta of 1.08.

First Trust NASDAQ Rising Dividend Achievers Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were issued a dividend of $0.2544 per share. The ex-dividend date of this dividend was Thursday, March 27th. This is a positive change from First Trust NASDAQ Rising Dividend Achievers’s previous quarterly dividend of $0.19. This represents a $1.02 annualized dividend and a dividend yield of 1.84%.

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.