First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) Shares Acquired by Cresset Asset Management LLC

Cresset Asset Management LLC lifted its stake in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 15.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,770 shares of the company’s stock after buying an additional 2,967 shares during the period. Cresset Asset Management LLC’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $1,287,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in RDVY. Cullen Frost Bankers Inc. acquired a new position in First Trust NASDAQ Rising Dividend Achievers during the fourth quarter valued at $25,000. Summit Investment Advisors Inc. lifted its position in First Trust NASDAQ Rising Dividend Achievers by 195.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 443 shares of the company’s stock valued at $26,000 after purchasing an additional 293 shares during the period. Graney & King LLC acquired a new position in First Trust NASDAQ Rising Dividend Achievers during the fourth quarter valued at $27,000. Marshall & Sterling Wealth Advisors Inc. acquired a new position in First Trust NASDAQ Rising Dividend Achievers during the fourth quarter valued at $38,000. Finally, Sound Income Strategies LLC acquired a new position in First Trust NASDAQ Rising Dividend Achievers during the fourth quarter valued at $40,000.

First Trust NASDAQ Rising Dividend Achievers Price Performance

NASDAQ RDVY opened at $58.76 on Monday. The company has a market capitalization of $13.69 billion, a PE ratio of 14.58 and a beta of 1.15. The company has a fifty day moving average of $57.06 and a 200 day moving average of $60.00. 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 firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were given a dividend of $0.2544 per share. The ex-dividend date of this dividend was Thursday, March 27th. This is an increase from First Trust NASDAQ Rising Dividend Achievers’s previous quarterly dividend of $0.19. This represents a $1.02 dividend on an annualized basis and a yield of 1.73%.

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.