First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) Stock Position Boosted by L & S Advisors Inc

L & S Advisors Inc grew its stake in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 3.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,938 shares of the company’s stock after buying an additional 588 shares during the quarter. L & S Advisors Inc’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $1,179,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. LPL Financial LLC raised its holdings in 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 worth $1,260,104,000 after purchasing an additional 980,714 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of First Trust NASDAQ Rising Dividend Achievers in the 4th quarter worth $593,242,000. Commonwealth Equity Services LLC lifted its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 7.8% in the fourth quarter. Commonwealth Equity Services LLC now owns 5,640,003 shares of the company’s stock valued at $333,550,000 after buying an additional 409,135 shares during the period. Kestra Advisory Services LLC boosted its stake in First Trust NASDAQ Rising Dividend Achievers by 1.8% during the fourth quarter. Kestra Advisory Services LLC now owns 2,572,894 shares of the company’s stock valued at $152,161,000 after buying an additional 46,729 shares in the last quarter. Finally, Private Advisor Group LLC grew its holdings in First Trust NASDAQ Rising Dividend Achievers by 11.9% during the fourth quarter. Private Advisor Group LLC now owns 1,835,062 shares of the company’s stock worth $108,526,000 after acquiring an additional 195,213 shares during the period.

First Trust NASDAQ Rising Dividend Achievers Trading Down 2.0 %

Shares of NASDAQ RDVY opened at $58.03 on Friday. First Trust NASDAQ Rising Dividend Achievers has a twelve month low of $52.78 and a twelve month high of $64.63. The firm has a 50-day moving average of $60.99 and a two-hundred day moving average of $60.67. The company has a market capitalization of $12.66 billion, a price-to-earnings ratio of 14.89 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 27th will be paid a dividend of $0.2544 per share. The ex-dividend date is 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 yield of 1.75%.

First Trust NASDAQ Rising Dividend Achievers 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.