Royal Bank of Canada Has $201.26 Million Position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Royal Bank of Canada boosted its stake in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 11.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,403,022 shares of the company’s stock after buying an additional 344,216 shares during the quarter. Royal Bank of Canada owned approximately 1.56% of First Trust NASDAQ Rising Dividend Achievers worth $201,255,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of RDVY. Park Avenue Securities LLC lifted its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 223.1% in the 4th quarter. Park Avenue Securities LLC now owns 11,827 shares of the company’s stock valued at $699,000 after purchasing an additional 8,166 shares during the period. Walker Asset Management LLC lifted its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 2.0% in the 4th quarter. Walker Asset Management LLC now owns 20,021 shares of the company’s stock valued at $1,184,000 after purchasing an additional 400 shares during the period. Merit Financial Group LLC lifted its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 5.5% in the 4th quarter. Merit Financial Group LLC now owns 40,698 shares of the company’s stock valued at $2,407,000 after purchasing an additional 2,132 shares during the period. TrueWealth Advisors LLC lifted its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 4.0% in the 4th quarter. TrueWealth Advisors LLC now owns 35,615 shares of the company’s stock valued at $2,106,000 after purchasing an additional 1,370 shares during the period. Finally, Arkadios Wealth Advisors lifted its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 26.3% in the 4th quarter. Arkadios Wealth Advisors now owns 122,395 shares of the company’s stock valued at $7,238,000 after purchasing an additional 25,484 shares during the period.

First Trust NASDAQ Rising Dividend Achievers Price Performance

Shares of NASDAQ:RDVY opened at $61.52 on Friday. The company has a market capitalization of $14.33 billion, a price-to-earnings ratio of 14.58 and a beta of 1.15. The business’s 50-day moving average is $57.24 and its 200-day moving average is $60.04. First Trust NASDAQ Rising Dividend Achievers has a 1 year low of $50.27 and a 1 year high of $64.63.

First Trust NASDAQ Rising Dividend Achievers Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were given a $0.2544 dividend. This represents a $1.02 dividend on an annualized basis and a yield of 1.65%. This is a positive change from First Trust NASDAQ Rising Dividend Achievers’s previous quarterly dividend of $0.19. The ex-dividend date was Thursday, March 27th.

First Trust NASDAQ Rising Dividend Achievers Company 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.