First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) Shares Acquired by tru Independence LLC

tru Independence LLC boosted its holdings in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 4.4% in the second quarter, Holdings Channel reports. The firm owned 136,579 shares of the company’s stock after purchasing an additional 5,818 shares during the quarter. First Trust NASDAQ Rising Dividend Achievers comprises about 2.3% of tru Independence LLC’s holdings, making the stock its 8th biggest position. tru Independence LLC’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $7,478,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Harbour Investments Inc. grew its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 11.1% in the 4th quarter. Harbour Investments Inc. now owns 524,830 shares of the company’s stock valued at $27,118,000 after acquiring an additional 52,344 shares in the last quarter. US Bancorp DE increased its position in shares of First Trust NASDAQ Rising Dividend Achievers by 107.5% during the 4th quarter. US Bancorp DE now owns 305,539 shares of the company’s stock worth $15,790,000 after purchasing an additional 158,285 shares during the last quarter. Focus Financial Network Inc. ADV bought a new stake in shares of First Trust NASDAQ Rising Dividend Achievers during the 4th quarter worth approximately $4,151,000. ORBA Wealth Advisors L.L.C. acquired a new stake in shares of First Trust NASDAQ Rising Dividend Achievers in the 4th quarter valued at approximately $4,565,000. Finally, Steward Partners Investment Solutions LLC bought a new position in shares of First Trust NASDAQ Rising Dividend Achievers in the fourth quarter valued at $1,903,000.

First Trust NASDAQ Rising Dividend Achievers Trading Down 1.2 %

Shares of RDVY opened at $56.04 on Friday. The company’s fifty day simple moving average is $56.52 and its 200 day simple moving average is $55.21. First Trust NASDAQ Rising Dividend Achievers has a 1-year low of $43.30 and a 1-year high of $59.07. The company has a market cap of $11.15 billion, a price-to-earnings ratio of 10.08 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, June 27th were paid a dividend of $0.2616 per share. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $1.05 annualized dividend and a dividend yield of 1.87%.

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.