First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) Shares Bought by Titleist Asset Management LLC

Titleist Asset Management LLC increased its holdings in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 0.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 67,077 shares of the company’s stock after purchasing an additional 517 shares during the quarter. Titleist Asset Management LLC’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $3,967,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Cullen Frost Bankers Inc. purchased a new position in First Trust NASDAQ Rising Dividend Achievers in the 4th quarter worth about $25,000. Graney & King LLC purchased a new position in shares of First Trust NASDAQ Rising Dividend Achievers in the fourth quarter worth approximately $27,000. Sugarloaf Wealth Management LLC acquired a new stake in shares of First Trust NASDAQ Rising Dividend Achievers during the fourth quarter valued at approximately $40,000. Sound Income Strategies LLC purchased a new stake in shares of First Trust NASDAQ Rising Dividend Achievers in the 4th quarter valued at approximately $40,000. Finally, O Shaughnessy Asset Management LLC boosted its stake in First Trust NASDAQ Rising Dividend Achievers by 169.0% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 901 shares of the company’s stock worth $53,000 after purchasing an additional 566 shares during the period.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

NASDAQ RDVY opened at $52.72 on Friday. The firm’s 50 day moving average price is $60.44 and its two-hundred day moving average price is $60.67. The stock has a market cap of $12.04 billion, a price-to-earnings ratio of 14.89 and a beta of 1.15. First Trust NASDAQ Rising Dividend Achievers has a twelve month low of $52.59 and a twelve month high of $64.63.

First Trust NASDAQ Rising Dividend Achievers Increases Dividend

The firm also recently declared 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. This represents a $1.02 annualized dividend and a yield of 1.93%. This is a positive change from First Trust NASDAQ Rising Dividend Achievers’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Thursday, March 27th.

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.