Raymond James & Associates Raises Stock Position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Raymond James & Associates raised its stake in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 2.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,818,055 shares of the company’s stock after purchasing an additional 64,200 shares during the quarter. Raymond James & Associates’ holdings in First Trust NASDAQ Rising Dividend Achievers were worth $154,289,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently made changes to their positions in RDVY. International Assets Investment Management LLC increased its position in First Trust NASDAQ Rising Dividend Achievers by 8.8% during the 4th quarter. International Assets Investment Management LLC now owns 128,034 shares of the company’s stock valued at $6,616,000 after purchasing an additional 10,312 shares during the period. Tennessee Valley Asset Management Partners bought a new position in First Trust NASDAQ Rising Dividend Achievers during the 4th quarter valued at about $60,000. Beaumont Financial Advisors LLC purchased a new position in shares of First Trust NASDAQ Rising Dividend Achievers in the fourth quarter worth approximately $2,546,000. J.W. Cole Advisors Inc. boosted its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 2.7% in the fourth quarter. J.W. Cole Advisors Inc. now owns 60,427 shares of the company’s stock worth $3,122,000 after buying an additional 1,600 shares during the last quarter. Finally, CWM LLC boosted its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 3.6% in the fourth quarter. CWM LLC now owns 245,010 shares of the company’s stock worth $12,660,000 after buying an additional 8,620 shares during the last quarter.

First Trust NASDAQ Rising Dividend Achievers Trading Up 0.5 %

NASDAQ RDVY opened at $57.00 on Monday. The stock has a market cap of $11.34 billion, a price-to-earnings ratio of 10.08 and a beta of 1.15. First Trust NASDAQ Rising Dividend Achievers has a 12 month low of $43.30 and a 12 month high of $59.07. The company’s 50 day moving average is $55.66 and its two-hundred day moving average is $54.58.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Thursday, June 27th were given a $0.2616 dividend. This represents a $1.05 annualized dividend and a yield of 1.84%. The ex-dividend date of this dividend was Thursday, June 27th.

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.