Ameriprise Financial Inc. Increases Position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Ameriprise Financial Inc. grew its position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 1.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,710,455 shares of the company’s stock after buying an additional 47,558 shares during the period. Ameriprise Financial Inc. owned 2.15% of First Trust NASDAQ Rising Dividend Achievers worth $166,462,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. WealthShield Partners LLC purchased a new stake in shares of First Trust NASDAQ Rising Dividend Achievers in the 1st quarter valued at approximately $48,000. Householder Group Estate & Retirement Specialist LLC purchased a new stake in shares of First Trust NASDAQ Rising Dividend Achievers in the 1st quarter valued at approximately $52,000. Fifth Third Bancorp lifted its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 738.4% in the 1st quarter. Fifth Third Bancorp now owns 1,266 shares of the company’s stock worth $57,000 after acquiring an additional 1,115 shares during the last quarter. Godsey & Gibb Inc. acquired a new position in shares of First Trust NASDAQ Rising Dividend Achievers in the 1st quarter worth approximately $62,000. Finally, Signaturefd LLC lifted its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 57.8% in the 1st quarter. Signaturefd LLC now owns 2,615 shares of the company’s stock worth $117,000 after acquiring an additional 958 shares during the last quarter.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

Shares of RDVY stock opened at $47.41 on Friday. The firm’s 50 day moving average price is $48.19 and its 200-day moving average price is $46.22. First Trust NASDAQ Rising Dividend Achievers has a one year low of $38.34 and a one year high of $49.68. The firm has a market cap of $8.09 billion, a P/E ratio of 9.91 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 30th. Stockholders of record on Wednesday, June 28th were issued a $0.3021 dividend. This is a positive change from First Trust NASDAQ Rising Dividend Achievers’s previous quarterly dividend of $0.21. This represents a $1.21 annualized dividend and a dividend yield of 2.55%. The ex-dividend date was Tuesday, June 27th.

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.