First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) is Triumph Capital Management’s 7th Largest Position

Triumph Capital Management raised its position in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 7.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 116,915 shares of the company’s stock after buying an additional 8,263 shares during the quarter. First Trust NASDAQ Rising Dividend Achievers accounts for 2.4% of Triumph Capital Management’s portfolio, making the stock its 7th largest position. Triumph Capital Management owned about 0.05% of First Trust NASDAQ Rising Dividend Achievers worth $6,914,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new stake in shares of First Trust NASDAQ Rising Dividend Achievers in the fourth quarter worth approximately $593,242,000. LPL Financial LLC lifted its position in shares of First Trust NASDAQ Rising Dividend Achievers by 4.8% in the fourth quarter. LPL Financial LLC now owns 21,307,144 shares of the company’s stock worth $1,260,104,000 after purchasing an additional 980,714 shares in the last quarter. Commonwealth Equity Services LLC lifted its position in shares of First Trust NASDAQ Rising Dividend Achievers by 7.8% in the fourth quarter. Commonwealth Equity Services LLC now owns 5,640,003 shares of the company’s stock worth $333,550,000 after purchasing an additional 409,135 shares in the last quarter. SRS Capital Advisors Inc. lifted its position in shares of First Trust NASDAQ Rising Dividend Achievers by 128.3% in the fourth quarter. SRS Capital Advisors Inc. now owns 708,953 shares of the company’s stock worth $41,928,000 after purchasing an additional 398,469 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its position in shares of First Trust NASDAQ Rising Dividend Achievers by 3.8% in the fourth quarter. Wells Fargo & Company MN now owns 9,008,501 shares of the company’s stock worth $532,763,000 after purchasing an additional 327,729 shares in the last quarter.

First Trust NASDAQ Rising Dividend Achievers Price Performance

NASDAQ RDVY opened at $61.52 on Friday. The company has a 50 day simple moving average of $57.24 and a 200-day simple moving average of $60.04. First Trust NASDAQ Rising Dividend Achievers has a 52-week low of $50.27 and a 52-week high of $64.63. The firm has a market capitalization of $14.33 billion, a price-to-earnings ratio of 14.58 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were issued a $0.2544 dividend. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $1.02 dividend on an annualized basis and a yield of 1.65%. This is an increase 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.