International Assets Investment Management LLC Boosts Stock Holdings in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

International Assets Investment Management LLC lifted its stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 8.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 128,034 shares of the company’s stock after buying an additional 10,312 shares during the period. International Assets Investment Management LLC owned approximately 0.07% of First Trust NASDAQ Rising Dividend Achievers worth $6,616,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of RDVY. Park Avenue Securities LLC bought a new stake in First Trust NASDAQ Rising Dividend Achievers in the third quarter valued at approximately $594,000. Sanchez Wealth Management Group raised its holdings in First Trust NASDAQ Rising Dividend Achievers by 1.0% during the 3rd quarter. Sanchez Wealth Management Group now owns 316,390 shares of the company’s stock valued at $14,538,000 after buying an additional 3,226 shares during the last quarter. Financial Advocates Investment Management boosted its position in First Trust NASDAQ Rising Dividend Achievers by 5.2% during the 3rd quarter. Financial Advocates Investment Management now owns 195,712 shares of the company’s stock valued at $8,993,000 after buying an additional 9,693 shares during the period. Assetmark Inc. grew its holdings in First Trust NASDAQ Rising Dividend Achievers by 74.4% in the 3rd quarter. Assetmark Inc. now owns 44,047 shares of the company’s stock worth $2,024,000 after acquiring an additional 18,784 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. increased its position in shares of First Trust NASDAQ Rising Dividend Achievers by 19.5% in the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 59,150 shares of the company’s stock valued at $2,718,000 after acquiring an additional 9,650 shares during the period.

First Trust NASDAQ Rising Dividend Achievers Trading Up 0.2 %

Shares of NASDAQ:RDVY opened at $54.83 on Wednesday. The company has a 50-day moving average price of $54.41 and a 200-day moving average price of $51.22. The company has a market cap of $10.38 billion, a price-to-earnings ratio of 9.78 and a beta of 1.15. First Trust NASDAQ Rising Dividend Achievers has a 12 month low of $42.93 and a 12 month high of $56.28.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 22nd were given a dividend of $0.2238 per share. This represents a $0.90 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date was Thursday, March 21st.

First Trust NASDAQ Rising Dividend Achievers 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.