Captrust Financial Advisors Grows Stock Holdings in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Captrust Financial Advisors increased its stake in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 22.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,097 shares of the company’s stock after acquiring an additional 919 shares during the quarter. Captrust Financial Advisors’ holdings in First Trust NASDAQ Rising Dividend Achievers were worth $301,000 at the end of the most recent quarter.

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

First Trust NASDAQ Rising Dividend Achievers Stock Performance

Shares of RDVY stock opened at $61.24 on Wednesday. First Trust NASDAQ Rising Dividend Achievers has a one year low of $50.27 and a one year high of $64.63. The company has a 50 day moving average price of $57.39 and a 200 day moving average price of $60.08. The firm has a market capitalization of $14.27 billion, a price-to-earnings ratio of 14.58 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were given a $0.2544 dividend. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $1.02 annualized dividend and a dividend yield of 1.66%. This is a positive change from First Trust NASDAQ Rising Dividend Achievers’s previous quarterly dividend of $0.19.

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.