Capital Square LLC Buys 547 Shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Capital Square LLC raised its stake in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 12.7% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 4,866 shares of the company’s stock after buying an additional 547 shares during the quarter. Capital Square LLC’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $304,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Raymond James Financial Inc. purchased a new stake in First Trust NASDAQ Rising Dividend Achievers during the fourth quarter valued at $593,242,000. LPL Financial LLC increased its position in shares of First Trust NASDAQ Rising Dividend Achievers by 4.8% during the 4th quarter. LPL Financial LLC now owns 21,307,144 shares of the company’s stock valued at $1,260,104,000 after purchasing an additional 980,714 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 135.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,128,835 shares of the company’s stock worth $66,838,000 after purchasing an additional 650,194 shares during the period. Commonwealth Equity Services LLC boosted 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 worth $333,550,000 after buying an additional 409,135 shares during the last quarter. Finally, SRS Capital Advisors Inc. grew its position in First Trust NASDAQ Rising Dividend Achievers by 128.3% during the fourth quarter. SRS Capital Advisors Inc. now owns 708,953 shares of the company’s stock valued at $41,928,000 after buying an additional 398,469 shares during the period.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

NASDAQ RDVY opened at $54.50 on Thursday. The business’s fifty day moving average is $58.75 and its 200 day moving average is $60.33. First Trust NASDAQ Rising Dividend Achievers has a fifty-two week low of $50.27 and a fifty-two week high of $64.63. The company has a market capitalization of $12.59 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 disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were issued a dividend of $0.2544 per share. This represents a $1.02 annualized dividend and a dividend yield of 1.87%. The ex-dividend date was Thursday, March 27th. This is an increase from First Trust NASDAQ Rising Dividend Achievers’s previous quarterly dividend of $0.19.

About First Trust NASDAQ Rising Dividend Achievers

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.