Y Intercept Hong Kong Ltd Buys 24,946 Shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Y Intercept Hong Kong Ltd increased its position in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 298.1% during the 3rd quarter, Holdings Channel reports. The fund owned 33,313 shares of the company’s stock after buying an additional 24,946 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $1,972,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. LPL Financial LLC lifted its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 4.9% during the 3rd quarter. LPL Financial LLC now owns 20,326,430 shares of the company’s stock valued at $1,203,528,000 after purchasing an additional 953,708 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in First Trust NASDAQ Rising Dividend Achievers by 18.7% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 6,872,756 shares of the company’s stock worth $376,283,000 after buying an additional 1,084,117 shares during the period. International Assets Investment Management LLC raised its holdings in First Trust NASDAQ Rising Dividend Achievers by 5,796.9% during the 3rd quarter. International Assets Investment Management LLC now owns 6,803,294 shares of the company’s stock worth $402,823,000 after buying an additional 6,687,924 shares during the period. Commonwealth Equity Services LLC lifted its stake in First Trust NASDAQ Rising Dividend Achievers by 12.9% in the third quarter. Commonwealth Equity Services LLC now owns 5,230,868 shares of the company’s stock valued at $309,720,000 after buying an additional 596,099 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 5.2% in the second quarter. Envestnet Asset Management Inc. now owns 3,209,445 shares of the company’s stock valued at $175,717,000 after buying an additional 159,003 shares during the period.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

Shares of First Trust NASDAQ Rising Dividend Achievers stock opened at $62.14 on Wednesday. The business’s 50 day simple moving average is $61.37 and its 200 day simple moving average is $58.08. First Trust NASDAQ Rising Dividend Achievers has a 52-week low of $49.00 and a 52-week high of $64.63. The firm has a market cap of $12.81 billion, a PE ratio of 10.08 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders 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 annualized dividend and a dividend yield of 1.23%.

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.