Capital Square LLC Acquires 547 Shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Capital Square LLC lifted its stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 12.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,866 shares of the company’s stock after purchasing an additional 547 shares during the quarter. Capital Square LLC’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $304,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. Pine Valley Investments Ltd Liability Co grew its position in First Trust NASDAQ Rising Dividend Achievers by 2.9% during the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 229,330 shares of the company’s stock valued at $13,579,000 after purchasing an additional 6,397 shares during the last quarter. World Investment Advisors LLC grew its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 54.9% during the third quarter. World Investment Advisors LLC now owns 103,969 shares of the company’s stock valued at $6,156,000 after buying an additional 36,863 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of First Trust NASDAQ Rising Dividend Achievers during the third quarter valued at approximately $104,000. Synovus Financial Corp raised its holdings in First Trust NASDAQ Rising Dividend Achievers by 56.9% in the 3rd quarter. Synovus Financial Corp now owns 8,612 shares of the company’s stock worth $510,000 after acquiring an additional 3,124 shares during the last quarter. Finally, SMART Wealth LLC lifted its position in First Trust NASDAQ Rising Dividend Achievers by 21.4% in the 3rd quarter. SMART Wealth LLC now owns 95,355 shares of the company’s stock valued at $5,646,000 after acquiring an additional 16,777 shares in the last quarter.

First Trust NASDAQ Rising Dividend Achievers Trading Down 1.6 %

Shares of RDVY opened at $54.50 on Thursday. The company has a market cap of $12.59 billion, a price-to-earnings ratio of 13.97 and a beta of 1.08. The business’s fifty day simple moving average is $58.75 and its two-hundred day simple moving average is $60.33. First Trust NASDAQ Rising Dividend Achievers has a 12 month low of $50.27 and a 12 month high of $64.63.

First Trust NASDAQ Rising Dividend Achievers Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were given a dividend of $0.2544 per share. The ex-dividend date of this dividend was Thursday, March 27th. This is a boost from First Trust NASDAQ Rising Dividend Achievers’s previous quarterly dividend of $0.19. This represents a $1.02 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.