Mirae Asset Global Investments Co. Ltd. Purchases 550 Shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Mirae Asset Global Investments Co. Ltd. grew its position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 0.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 95,350 shares of the company’s stock after buying an additional 550 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $4,927,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Farmers & Merchants Investments Inc. bought a new position in shares of First Trust NASDAQ Rising Dividend Achievers in the 4th quarter valued at about $25,000. PFG Private Wealth Management LLC bought a new position in shares of First Trust NASDAQ Rising Dividend Achievers in the 4th quarter valued at about $26,000. Harbor Investment Advisory LLC bought a new position in shares of First Trust NASDAQ Rising Dividend Achievers in the 3rd quarter valued at about $29,000. BKM Wealth Management LLC bought a new position in shares of First Trust NASDAQ Rising Dividend Achievers in the 4th quarter valued at about $43,000. Finally, Crewe Advisors LLC bought a new stake in shares of First Trust NASDAQ Rising Dividend Achievers during the 3rd quarter worth about $47,000.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

Shares of RDVY stock opened at $53.65 on Tuesday. The company has a market capitalization of $10.05 billion, a price-to-earnings ratio of 9.85 and a beta of 1.15. The company has a 50-day simple moving average of $53.71 and a 200 day simple moving average of $50.26. First Trust NASDAQ Rising Dividend Achievers has a 52 week low of $42.42 and a 52 week high of $56.28.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 22nd were paid a $0.2238 dividend. This represents a $0.90 annualized dividend and a yield of 1.67%. The ex-dividend date was Thursday, March 21st.

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.