First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) Stock Position Raised by L & S Advisors Inc

L & S Advisors Inc boosted its holdings in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 3.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,938 shares of the company’s stock after acquiring an additional 588 shares during the period. L & S Advisors Inc’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $1,179,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Cullen Frost Bankers Inc. bought a new stake in shares of First Trust NASDAQ Rising Dividend Achievers in the 4th quarter worth approximately $25,000. Graney & King LLC acquired a new stake in First Trust NASDAQ Rising Dividend Achievers in the fourth quarter worth $27,000. Sugarloaf Wealth Management LLC bought a new stake in First Trust NASDAQ Rising Dividend Achievers in the fourth quarter valued at $40,000. Sound Income Strategies LLC acquired a new position in shares of First Trust NASDAQ Rising Dividend Achievers during the fourth quarter valued at $40,000. Finally, Eastern Bank acquired a new position in shares of First Trust NASDAQ Rising Dividend Achievers during the fourth quarter valued at $57,000.

First Trust NASDAQ Rising Dividend Achievers Stock Down 2.0 %

RDVY stock opened at $58.03 on Friday. The firm’s 50-day simple moving average is $60.99 and its 200 day simple moving average is $60.67. The stock has a market cap of $12.66 billion, a PE ratio of 14.89 and a beta of 1.15. First Trust NASDAQ Rising Dividend Achievers has a fifty-two week low of $52.78 and a fifty-two week high of $64.63.

First Trust NASDAQ Rising Dividend Achievers Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 27th will be issued a dividend of $0.2544 per share. This represents a $1.02 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date is Thursday, March 27th. This is a boost from First Trust NASDAQ Rising Dividend Achievers’s previous quarterly dividend of $0.19.

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.