Legacy Investment Solutions LLC Acquires 11,169 Shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Legacy Investment Solutions LLC raised its stake in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 217.1% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 16,314 shares of the company’s stock after acquiring an additional 11,169 shares during the period. First Trust NASDAQ Rising Dividend Achievers makes up approximately 0.6% of Legacy Investment Solutions LLC’s holdings, making the stock its 29th biggest position. Legacy Investment Solutions LLC’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $1,013,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Cullen Frost Bankers Inc. bought a new position in First Trust NASDAQ Rising Dividend Achievers during the fourth quarter valued at approximately $25,000. Graney & King LLC purchased a new stake in First Trust NASDAQ Rising Dividend Achievers during the 4th quarter valued at $27,000. Sugarloaf Wealth Management LLC bought a new position in shares of First Trust NASDAQ Rising Dividend Achievers during the 4th quarter valued at $40,000. Sound Income Strategies LLC purchased a new position in shares of First Trust NASDAQ Rising Dividend Achievers in the 4th quarter worth $40,000. Finally, O Shaughnessy Asset Management LLC boosted its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 169.0% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 901 shares of the company’s stock worth $53,000 after buying an additional 566 shares during the last quarter.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

First Trust NASDAQ Rising Dividend Achievers stock opened at $54.96 on Friday. First Trust NASDAQ Rising Dividend Achievers has a one year low of $50.27 and a one year high of $64.63. The stock has a fifty day moving average of $59.20 and a 200 day moving average of $60.41. The stock has a market cap of $12.61 billion, a PE ratio of 14.89 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were paid a $0.2544 dividend. This represents a $1.02 annualized dividend and a dividend yield of 1.85%. The ex-dividend date of this dividend was Thursday, March 27th. This is a boost from First Trust NASDAQ Rising Dividend Achievers’s previous quarterly dividend of $0.19.

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.