Raymond James & Associates Purchases 47,982 Shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY)

Raymond James & Associates lifted its holdings in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 1.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,753,855 shares of the company’s stock after purchasing an additional 47,982 shares during the quarter. Raymond James & Associates owned 1.47% of First Trust Rising Dividend Achievers ETF worth $154,684,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of RDVY. LPL Financial LLC grew its holdings in shares of First Trust Rising Dividend Achievers ETF by 4.5% during the 3rd 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 during the period. Morgan Stanley grew its stake in shares of First Trust Rising Dividend Achievers ETF by 8.1% in the 3rd quarter. Morgan Stanley now owns 12,995,589 shares of the company’s stock worth $597,147,000 after buying an additional 969,819 shares in the last quarter. Wells Fargo & Company MN increased its holdings in shares of First Trust Rising Dividend Achievers ETF by 1.0% in the 4th quarter. Wells Fargo & Company MN now owns 7,955,014 shares of the company’s stock worth $411,036,000 after buying an additional 79,637 shares during the last quarter. International Assets Investment Management LLC raised its position in shares of First Trust Rising Dividend Achievers ETF by 5,519.6% during the 4th quarter. International Assets Investment Management LLC now owns 6,615,517 shares of the company’s stock valued at $341,824,000 after buying an additional 6,497,795 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. raised its position in First Trust Rising Dividend Achievers ETF by 10.6% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 5,803,282 shares of the company’s stock valued at $299,856,000 after purchasing an additional 557,879 shares during the period.

First Trust Rising Dividend Achievers ETF Stock Performance

NASDAQ RDVY traded up $0.26 during trading on Monday, hitting $54.50. The stock had a trading volume of 535,786 shares, compared to its average volume of 795,335. First Trust Rising Dividend Achievers ETF has a one year low of $42.42 and a one year high of $56.28. The stock has a 50 day simple moving average of $54.19 and a 200 day simple moving average of $50.86. The stock has a market capitalization of $10.30 billion, a price-to-earnings ratio of 9.78 and a beta of 1.15.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The firm also recently declared 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 was Thursday, March 21st. This represents a $0.90 annualized dividend and a dividend yield of 1.64%.

About First Trust Rising Dividend Achievers ETF

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.