Perennial Investment Advisors LLC Grows Stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Perennial Investment Advisors LLC grew its holdings in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 0.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 349,621 shares of the company’s stock after purchasing an additional 1,525 shares during the period. First Trust NASDAQ Rising Dividend Achievers comprises about 2.4% of Perennial Investment Advisors LLC’s investment portfolio, making the stock its 7th biggest holding. Perennial Investment Advisors LLC owned 0.16% of First Trust NASDAQ Rising Dividend Achievers worth $20,677,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of RDVY. FMR LLC grew its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 13.8% in the third quarter. FMR LLC now owns 23,339 shares of the company’s stock worth $1,382,000 after acquiring an additional 2,822 shares during the period. Captrust Financial Advisors bought a new stake in First Trust NASDAQ Rising Dividend Achievers in the 3rd quarter worth approximately $247,000. Stifel Financial Corp raised its stake in First Trust NASDAQ Rising Dividend Achievers by 2.2% during the 3rd quarter. Stifel Financial Corp now owns 1,675,769 shares of the company’s stock valued at $99,224,000 after buying an additional 35,479 shares during the last quarter. Wills Financial Group Inc. raised its stake in First Trust NASDAQ Rising Dividend Achievers by 4.9% during the 3rd quarter. Wills Financial Group Inc. now owns 4,544 shares of the company’s stock valued at $269,000 after buying an additional 213 shares during the last quarter. Finally, Insigneo Advisory Services LLC lifted its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 19.9% during the 3rd quarter. Insigneo Advisory Services LLC now owns 22,989 shares of the company’s stock valued at $1,361,000 after buying an additional 3,813 shares during the period.

First Trust NASDAQ Rising Dividend Achievers Price Performance

Shares of RDVY opened at $52.72 on Friday. The firm has a market capitalization of $12.04 billion, a P/E ratio of 14.89 and a beta of 1.15. First Trust NASDAQ Rising Dividend Achievers has a one year low of $52.59 and a one year high of $64.63. The business has a fifty day moving average of $60.44 and a 200 day moving average of $60.65.

First Trust NASDAQ Rising Dividend Achievers Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were paid a dividend of $0.2544 per share. This is an increase from First Trust NASDAQ Rising Dividend Achievers’s previous quarterly dividend of $0.19. This represents a $1.02 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date was Thursday, March 27th.

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.