Cwm LLC Grows Stock Holdings in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Cwm LLC increased its position in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 3.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 245,010 shares of the company’s stock after buying an additional 8,620 shares during the period. Cwm LLC owned 0.14% of First Trust NASDAQ Rising Dividend Achievers worth $12,660,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in RDVY. JPMorgan Chase & Co. raised its position in shares of First Trust NASDAQ Rising Dividend Achievers by 49.1% in the first quarter. JPMorgan Chase & Co. now owns 29,656 shares of the company’s stock valued at $1,453,000 after buying an additional 9,770 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of First Trust NASDAQ Rising Dividend Achievers by 43.4% in the first quarter. Bank of New York Mellon Corp now owns 7,337 shares of the company’s stock valued at $359,000 after buying an additional 2,219 shares during the last quarter. Synovus Financial Corp raised its position in shares of First Trust NASDAQ Rising Dividend Achievers by 13.8% in the first quarter. Synovus Financial Corp now owns 24,718 shares of the company’s stock valued at $1,209,000 after buying an additional 2,997 shares during the last quarter. Cibc World Market Inc. raised its position in shares of First Trust NASDAQ Rising Dividend Achievers by 113.7% in the first quarter. Cibc World Market Inc. now owns 14,920 shares of the company’s stock valued at $731,000 after buying an additional 7,938 shares during the last quarter. Finally, Moors & Cabot Inc. raised its position in shares of First Trust NASDAQ Rising Dividend Achievers by 79.6% in the first quarter. Moors & Cabot Inc. now owns 11,037 shares of the company’s stock valued at $541,000 after buying an additional 4,893 shares during the last quarter.

First Trust NASDAQ Rising Dividend Achievers Stock Up 0.6 %

Shares of NASDAQ RDVY opened at $53.39 on Monday. First Trust NASDAQ Rising Dividend Achievers has a 52 week low of $42.42 and a 52 week high of $56.28. The stock has a market capitalization of $10.03 billion, a price-to-earnings ratio of 9.85 and a beta of 1.15. The firm has a 50-day simple moving average of $53.87 and a 200-day simple moving average of $50.49.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 22nd were given a dividend of $0.2238 per share. This represents a $0.90 annualized dividend and a yield of 1.68%. The ex-dividend date of this dividend was Thursday, March 21st.

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.