Benjamin F. Edwards & Company Inc. Has $16.25 Million Stock Position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Benjamin F. Edwards & Company Inc. lowered its position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 3.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 314,424 shares of the company’s stock after selling 10,257 shares during the period. Benjamin F. Edwards & Company Inc. owned 0.17% of First Trust NASDAQ Rising Dividend Achievers worth $16,246,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in RDVY. LPL Financial LLC increased its position in shares of First Trust NASDAQ Rising Dividend Achievers by 4.5% during the third quarter. LPL Financial LLC now owns 16,132,424 shares of the company’s stock worth $741,285,000 after acquiring an additional 689,605 shares in the last quarter. Morgan Stanley increased its holdings in First Trust NASDAQ Rising Dividend Achievers by 8.1% during the 3rd quarter. Morgan Stanley now owns 12,995,589 shares of the company’s stock worth $597,147,000 after purchasing an additional 969,819 shares in the last quarter. International Assets Investment Management LLC increased its holdings in First Trust NASDAQ Rising Dividend Achievers by 5,519.6% during the 4th quarter. International Assets Investment Management LLC now owns 6,615,517 shares of the company’s stock worth $341,824,000 after purchasing an additional 6,497,795 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 10.6% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 5,803,282 shares of the company’s stock worth $299,856,000 after purchasing an additional 557,879 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 4.8% in the third quarter. Ameriprise Financial Inc. now owns 4,070,451 shares of the company’s stock valued at $187,008,000 after purchasing an additional 187,162 shares in the last quarter.

First Trust NASDAQ Rising Dividend Achievers Trading Up 0.9 %

First Trust NASDAQ Rising Dividend Achievers stock traded up $0.47 during trading on Friday, hitting $54.19. 634,652 shares of the company were exchanged, compared to its average volume of 786,011. The company has a market capitalization of $10.24 billion, a P/E ratio of 9.78 and a beta of 1.15. The business’s 50 day moving average is $54.32 and its 200 day moving average is $51.00. 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 company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 22nd were issued a $0.2238 dividend. The ex-dividend date of this dividend was Thursday, March 21st. This represents a $0.90 annualized dividend and a dividend yield of 1.65%.

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.