Perennial Investment Advisors LLC Increases Holdings in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Perennial Investment Advisors LLC boosted its stake in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 0.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 349,621 shares of the company’s stock after buying an additional 1,525 shares during the quarter. First Trust NASDAQ Rising Dividend Achievers accounts for about 2.4% of Perennial Investment Advisors LLC’s holdings, making the stock its 7th largest position. Perennial Investment Advisors LLC’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $20,677,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of RDVY. FMR LLC lifted its position in shares of First Trust NASDAQ Rising Dividend Achievers by 13.8% during the 3rd quarter. FMR LLC now owns 23,339 shares of the company’s stock valued at $1,382,000 after buying an additional 2,822 shares in the last quarter. Captrust Financial Advisors bought a new stake in First Trust NASDAQ Rising Dividend Achievers during the 3rd quarter worth approximately $247,000. Stifel Financial Corp lifted its holdings in First Trust NASDAQ Rising Dividend Achievers by 2.2% during the third quarter. Stifel Financial Corp now owns 1,675,769 shares of the company’s stock valued at $99,224,000 after purchasing an additional 35,479 shares in the last quarter. Wills Financial Group Inc. boosted its position in shares of First Trust NASDAQ Rising Dividend Achievers by 4.9% in the third quarter. Wills Financial Group Inc. now owns 4,544 shares of the company’s stock worth $269,000 after purchasing an additional 213 shares during the period. Finally, Insigneo Advisory Services LLC increased its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 19.9% in the third quarter. Insigneo Advisory Services LLC now owns 22,989 shares of the company’s stock worth $1,361,000 after purchasing an additional 3,813 shares in the last quarter.

First Trust NASDAQ Rising Dividend Achievers Price Performance

Shares of RDVY stock opened at $52.72 on Friday. First Trust NASDAQ Rising Dividend Achievers has a one year low of $52.59 and a one year high of $64.63. The company’s fifty day moving average price is $60.44 and its 200-day moving average price is $60.65. The company has a market capitalization of $12.04 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 declared 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. The ex-dividend date was Thursday, March 27th. This is a boost from First Trust NASDAQ Rising Dividend Achievers’s previous quarterly dividend of $0.19. This represents a $1.02 dividend on an annualized basis and a yield of 1.93%.

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.