Raymond James & Associates Boosts Stock Holdings in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Raymond James & Associates grew its position in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVYFree Report) by 10.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,705,873 shares of the company’s stock after purchasing an additional 250,954 shares during the quarter. Raymond James & Associates owned approximately 1.51% of First Trust NASDAQ Rising Dividend Achievers worth $139,812,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Harbor Investment Advisory LLC purchased a new stake in shares of First Trust NASDAQ Rising Dividend Achievers during the third quarter worth $29,000. BKM Wealth Management LLC acquired a new position in First Trust NASDAQ Rising Dividend Achievers in the fourth quarter valued at about $43,000. Crewe Advisors LLC acquired a new position in First Trust NASDAQ Rising Dividend Achievers in the third quarter valued at about $47,000. VitalStone Financial LLC increased its stake in First Trust NASDAQ Rising Dividend Achievers by 40.5% during the third quarter. VitalStone Financial LLC now owns 2,144 shares of the company’s stock worth $98,000 after purchasing an additional 618 shares during the period. Finally, New Republic Capital LLC purchased a new stake in First Trust NASDAQ Rising Dividend Achievers during the second quarter worth about $108,000.

First Trust NASDAQ Rising Dividend Achievers Price Performance

Shares of NASDAQ:RDVY opened at $55.19 on Tuesday. The firm has a market capitalization of $10.02 billion, a PE ratio of 9.91 and a beta of 1.15. The firm’s 50-day moving average is $52.47 and its two-hundred day moving average is $49.38. First Trust NASDAQ Rising Dividend Achievers has a 1 year low of $42.42 and a 1 year high of $55.97.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 28th. Investors of record on Friday, March 22nd will be paid a dividend of $0.2238 per share. The ex-dividend date is Thursday, March 21st. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.62%.

About First Trust NASDAQ Rising Dividend Achievers

(Free Report)

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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Institutional Ownership by Quarter for First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

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