EP Wealth Advisors LLC Purchases Shares of 2,634 First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

EP Wealth Advisors LLC purchased a new stake in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 2,634 shares of the company’s stock, valued at approximately $156,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of RDVY. LPL Financial LLC boosted its holdings in First Trust NASDAQ Rising Dividend Achievers by 4.8% during the 4th quarter. LPL Financial LLC now owns 21,307,144 shares of the company’s stock worth $1,260,104,000 after acquiring an additional 980,714 shares during the last quarter. Raymond James Financial Inc. purchased a new position in First Trust NASDAQ Rising Dividend Achievers during the 4th quarter worth $593,242,000. Wells Fargo & Company MN boosted its holdings in First Trust NASDAQ Rising Dividend Achievers by 3.8% during the 4th quarter. Wells Fargo & Company MN now owns 9,008,501 shares of the company’s stock worth $532,763,000 after acquiring an additional 327,729 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in First Trust NASDAQ Rising Dividend Achievers by 30.0% during the 4th quarter. Ameriprise Financial Inc. now owns 6,135,682 shares of the company’s stock worth $362,832,000 after acquiring an additional 1,417,024 shares during the last quarter. Finally, Commonwealth Equity Services LLC boosted its holdings in First Trust NASDAQ Rising Dividend Achievers by 7.8% during the 4th quarter. Commonwealth Equity Services LLC now owns 5,640,003 shares of the company’s stock worth $333,550,000 after acquiring an additional 409,135 shares during the last quarter.

First Trust NASDAQ Rising Dividend Achievers Price Performance

RDVY opened at $60.65 on Thursday. The company has a market capitalization of $14.13 billion, a price-to-earnings ratio of 14.58 and a beta of 1.15. The firm’s fifty day moving average price is $57.12 and its two-hundred day moving average price is $60.02. First Trust NASDAQ Rising Dividend Achievers has a 1 year low of $50.27 and a 1 year high of $64.63.

First Trust NASDAQ Rising Dividend Achievers Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were issued a dividend of $0.2544 per share. This represents a $1.02 dividend on an annualized basis and a yield of 1.68%. This is an increase from First Trust NASDAQ Rising Dividend Achievers’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Thursday, March 27th.

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.