Moors & Cabot Inc. Takes Position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Moors & Cabot Inc. acquired a new position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) during the third quarter, Holdings Channel reports. The firm acquired 4,575 shares of the company’s stock, valued at approximately $271,000.

Other institutional investors have also modified their holdings of the company. BNP Paribas Financial Markets grew its holdings in First Trust NASDAQ Rising Dividend Achievers by 24,700.0% during the first quarter. BNP Paribas Financial Markets now owns 496 shares of the company’s stock worth $28,000 after acquiring an additional 494 shares during the period. Headlands Technologies LLC bought a new position in shares of First Trust NASDAQ Rising Dividend Achievers during the 2nd quarter valued at about $29,000. Kings Path Partners LLC acquired a new position in shares of First Trust NASDAQ Rising Dividend Achievers in the 2nd quarter worth approximately $31,000. Russell Investments Group Ltd. bought a new stake in shares of First Trust NASDAQ Rising Dividend Achievers in the 1st quarter worth approximately $34,000. Finally, Rothschild Investment LLC acquired a new stake in First Trust NASDAQ Rising Dividend Achievers during the second quarter valued at approximately $34,000.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

Shares of NASDAQ:RDVY opened at $63.72 on Friday. The stock has a market capitalization of $13.14 billion, a price-to-earnings ratio of 10.08 and a beta of 1.15. First Trust NASDAQ Rising Dividend Achievers has a 1-year low of $47.18 and a 1-year high of $63.78. The company has a 50 day moving average price of $60.18 and a 200 day moving average price of $57.36.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were issued a $0.1912 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date of this dividend was Thursday, September 26th.

First Trust NASDAQ Rising Dividend Achievers 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.