First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) is First Heartland Consultants Inc.’s 7th Largest Position

First Heartland Consultants Inc. lifted its stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 13.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 384,890 shares of the company’s stock after buying an additional 45,415 shares during the period. First Trust NASDAQ Rising Dividend Achievers makes up 2.2% of First Heartland Consultants Inc.’s investment portfolio, making the stock its 7th largest holding. First Heartland Consultants Inc. owned about 0.18% of First Trust NASDAQ Rising Dividend Achievers worth $22,762,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Park Avenue Securities LLC grew its position in shares of First Trust NASDAQ Rising Dividend Achievers by 223.1% during the fourth quarter. Park Avenue Securities LLC now owns 11,827 shares of the company’s stock worth $699,000 after acquiring an additional 8,166 shares during the last quarter. Koshinski Asset Management Inc. boosted its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 2.7% during the fourth quarter. Koshinski Asset Management Inc. now owns 518,874 shares of the company’s stock worth $30,686,000 after buying an additional 13,647 shares during the period. Genesis Private Wealth LLC purchased a new position in shares of First Trust NASDAQ Rising Dividend Achievers during the fourth quarter worth about $5,631,000. Daymark Wealth Partners LLC raised its stake in First Trust NASDAQ Rising Dividend Achievers by 2.9% during the 4th quarter. Daymark Wealth Partners LLC now owns 94,765 shares of the company’s stock valued at $5,604,000 after acquiring an additional 2,688 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its position in First Trust NASDAQ Rising Dividend Achievers by 12.6% during the 4th quarter. Janney Montgomery Scott LLC now owns 667,203 shares of the company’s stock worth $39,458,000 after acquiring an additional 74,539 shares during the period.

First Trust NASDAQ Rising Dividend Achievers Price Performance

First Trust NASDAQ Rising Dividend Achievers stock opened at $61.24 on Wednesday. The business has a 50 day simple moving average of $57.39 and a 200-day simple moving average of $60.08. First Trust NASDAQ Rising Dividend Achievers has a 12 month low of $50.27 and a 12 month high of $64.63. The stock has a market capitalization of $14.27 billion, a PE ratio of 14.58 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were paid a $0.2544 dividend. This represents a $1.02 annualized dividend and a dividend yield of 1.66%. The ex-dividend date of this dividend was Thursday, March 27th. This is a boost from First Trust NASDAQ Rising Dividend Achievers’s previous quarterly dividend of $0.19.

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.