Cambridge Investment Research Advisors Inc. Boosts Stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Cambridge Investment Research Advisors Inc. raised its stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 8.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 2,257,151 shares of the company’s stock after purchasing an additional 168,845 shares during the period. First Trust NASDAQ Rising Dividend Achievers accounts for approximately 0.4% of Cambridge Investment Research Advisors Inc.’s holdings, making the stock its 27th biggest holding. Cambridge Investment Research Advisors Inc. owned 1.03% of First Trust NASDAQ Rising Dividend Achievers worth $133,488,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Cullen Frost Bankers Inc. acquired a new stake in shares of First Trust NASDAQ Rising Dividend Achievers during the 4th quarter valued at $25,000. Summit Investment Advisors Inc. boosted its stake in First Trust NASDAQ Rising Dividend Achievers by 195.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 443 shares of the company’s stock worth $26,000 after purchasing an additional 293 shares during the period. Graney & King LLC acquired a new stake in First Trust NASDAQ Rising Dividend Achievers during the 4th quarter valued at $27,000. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in shares of First Trust NASDAQ Rising Dividend Achievers in the fourth quarter valued at $38,000. Finally, Sound Income Strategies LLC purchased a new position in shares of First Trust NASDAQ Rising Dividend Achievers during the fourth quarter valued at $40,000.

First Trust NASDAQ Rising Dividend Achievers Trading Down 0.2 %

NASDAQ RDVY opened at $58.28 on Tuesday. The company has a market capitalization of $13.58 billion, a PE ratio of 13.97 and a beta of 1.15. First Trust NASDAQ Rising Dividend Achievers has a 1-year low of $50.27 and a 1-year high of $64.63. The firm’s fifty day simple moving average is $57.22 and its 200-day simple moving average is $60.03.

First Trust NASDAQ Rising Dividend Achievers Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders 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 represents a $1.02 dividend on an annualized basis and a dividend yield of 1.75%. This is a positive change 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.