First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) Short Interest Update

First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) saw a significant decline in short interest in the month of March. As of March 15th, there was short interest totalling 227,700 shares, a decline of 34.4% from the February 28th total of 347,100 shares. Based on an average trading volume of 1,005,000 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the shares of the company are sold short.

First Trust NASDAQ Rising Dividend Achievers Trading Up 0.9 %

RDVY stock traded up $0.51 during trading on Monday, reaching $58.54. The stock had a trading volume of 816,079 shares, compared to its average volume of 773,642. The firm has a market cap of $12.77 billion, a PE ratio of 14.89 and a beta of 1.15. The stock’s 50 day moving average is $60.99 and its two-hundred day moving average is $60.70. First Trust NASDAQ Rising Dividend Achievers has a 52 week low of $52.78 and a 52 week high of $64.63.

First Trust NASDAQ Rising Dividend Achievers Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 27th will be paid a $0.2544 dividend. This represents a $1.02 annualized dividend and a dividend yield of 1.74%. The ex-dividend date of this dividend is Thursday, March 27th. This is a boost from First Trust NASDAQ Rising Dividend Achievers’s previous quarterly dividend of $0.19.

Hedge Funds Weigh In On First Trust NASDAQ Rising Dividend Achievers

A number of institutional investors and hedge funds have recently made changes to their positions in RDVY. Raymond James Financial Inc. bought a new position in First Trust NASDAQ Rising Dividend Achievers in the fourth quarter worth approximately $593,242,000. Leigh Baldwin & CO. LLC purchased a new stake in shares of First Trust NASDAQ Rising Dividend Achievers in the 4th quarter worth $132,464,000. Ameriprise Financial Inc. raised its holdings in First Trust NASDAQ Rising Dividend Achievers by 30.0% in the 4th quarter. Ameriprise Financial Inc. now owns 6,135,682 shares of the company’s stock worth $362,832,000 after purchasing an additional 1,417,024 shares during the period. LPL Financial LLC lifted its position in First Trust NASDAQ Rising Dividend Achievers by 4.8% during the fourth quarter. LPL Financial LLC now owns 21,307,144 shares of the company’s stock valued at $1,260,104,000 after purchasing an additional 980,714 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in 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 purchasing an additional 650,194 shares during the period.

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.