Founders Financial Securities LLC Has $2.07 Million Stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Founders Financial Securities LLC grew its stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 8.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 36,891 shares of the company’s stock after purchasing an additional 2,734 shares during the period. Founders Financial Securities LLC’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $2,072,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in RDVY. Farmers & Merchants Investments Inc. bought a new stake in shares of First Trust NASDAQ Rising Dividend Achievers during the fourth quarter worth about $25,000. Hazlett Burt & Watson Inc. lifted its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 87.5% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 478 shares of the company’s stock valued at $25,000 after purchasing an additional 223 shares during the period. PFG Private Wealth Management LLC bought a new position in shares of First Trust NASDAQ Rising Dividend Achievers during the 4th quarter worth approximately $26,000. Arlington Trust Co LLC bought a new stake in First Trust NASDAQ Rising Dividend Achievers in the fourth quarter valued at $29,000. Finally, Grove Bank & Trust acquired a new position in First Trust NASDAQ Rising Dividend Achievers during the 4th quarter worth approximately $42,000.

First Trust NASDAQ Rising Dividend Achievers Trading Up 0.5 %

NASDAQ RDVY traded up $0.29 during mid-day trading on Friday, hitting $54.75. The company’s stock had a trading volume of 833,718 shares, compared to its average volume of 740,504. The company’s 50 day simple moving average is $54.74 and its 200 day simple moving average is $53.39. First Trust NASDAQ Rising Dividend Achievers has a twelve month low of $43.30 and a twelve month high of $56.28. The firm has a market capitalization of $10.36 billion, a price-to-earnings ratio of 10.08 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Thursday, June 27th were issued a $0.2616 dividend. The ex-dividend date was Thursday, June 27th. This represents a $1.05 dividend on an annualized basis and a dividend yield of 1.91%.

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.