D.A. Davidson & CO. Increases Stock Position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

D.A. Davidson & CO. grew its stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 4.5% in the third quarter, Holdings Channel.com reports. The institutional investor owned 674,180 shares of the company’s stock after buying an additional 29,294 shares during the quarter. D.A. Davidson & CO.’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $39,918,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. BNP Paribas Financial Markets lifted its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 24,700.0% during the 1st quarter. BNP Paribas Financial Markets now owns 496 shares of the company’s stock worth $28,000 after acquiring an additional 494 shares during the last quarter. Headlands Technologies LLC bought a new stake in First Trust NASDAQ Rising Dividend Achievers during the second quarter worth about $29,000. Kings Path Partners LLC bought a new stake in First Trust NASDAQ Rising Dividend Achievers during the second quarter worth about $31,000. Russell Investments Group Ltd. bought a new position in shares of First Trust NASDAQ Rising Dividend Achievers during the 1st quarter valued at about $34,000. Finally, Rothschild Investment LLC bought a new position in shares of First Trust NASDAQ Rising Dividend Achievers during the 2nd quarter valued at about $34,000.

First Trust NASDAQ Rising Dividend Achievers Price Performance

NASDAQ:RDVY opened at $64.37 on Tuesday. The company has a market capitalization of $13.27 billion, a price-to-earnings ratio of 10.08 and a beta of 1.15. The business has a 50 day moving average of $60.32 and a 200 day moving average of $57.46. First Trust NASDAQ Rising Dividend Achievers has a 1-year low of $47.18 and a 1-year high of $64.63.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were issued a $0.1912 dividend. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.19%.

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.