National Wealth Management Group LLC Purchases 858 Shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

National Wealth Management Group LLC lifted its position in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 10.7% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 8,899 shares of the company’s stock after purchasing an additional 858 shares during the quarter. National Wealth Management Group LLC’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $526,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the company. Raymond James Financial Inc. bought a new stake in First Trust NASDAQ Rising Dividend Achievers in the fourth quarter worth approximately $593,242,000. LPL Financial LLC lifted its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 4.8% in the fourth quarter. LPL Financial LLC now owns 21,307,144 shares of the company’s stock valued at $1,260,104,000 after buying an additional 980,714 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 135.8% during the third quarter. JPMorgan Chase & Co. now owns 1,128,835 shares of the company’s stock valued at $66,838,000 after buying an additional 650,194 shares during the last quarter. Commonwealth Equity Services LLC increased its holdings in First Trust NASDAQ Rising Dividend Achievers by 7.8% during the 4th quarter. Commonwealth Equity Services LLC now owns 5,640,003 shares of the company’s stock worth $333,550,000 after purchasing an additional 409,135 shares in the last quarter. Finally, HighTower Advisors LLC raised its position in First Trust NASDAQ Rising Dividend Achievers by 47.3% in the 3rd quarter. HighTower Advisors LLC now owns 1,267,282 shares of the company’s stock valued at $75,007,000 after buying an additional 406,747 shares during the last quarter.

First Trust NASDAQ Rising Dividend Achievers Price Performance

RDVY opened at $58.54 on Tuesday. The firm’s fifty day moving average price is $60.92 and its two-hundred day moving average price is $60.72. The company has a market capitalization of $12.77 billion, a price-to-earnings ratio of 14.89 and a beta of 1.15. First Trust NASDAQ Rising Dividend Achievers has a 1 year low of $52.78 and a 1 year high of $64.63.

First Trust NASDAQ Rising Dividend Achievers Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were paid a $0.2544 dividend. 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. This represents a $1.02 annualized dividend and a yield of 1.74%.

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.