US Bancorp DE Raises Position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

US Bancorp DE lifted its stake in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 107.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 305,539 shares of the company’s stock after acquiring an additional 158,285 shares during the quarter. US Bancorp DE owned 0.17% of First Trust NASDAQ Rising Dividend Achievers worth $15,790,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of RDVY. LPL Financial LLC increased its holdings in First Trust NASDAQ Rising Dividend Achievers by 4.5% during the 3rd quarter. LPL Financial LLC now owns 16,132,424 shares of the company’s stock worth $741,285,000 after purchasing an additional 689,605 shares during the period. Morgan Stanley raised its holdings in First Trust NASDAQ Rising Dividend Achievers by 8.1% in the third quarter. Morgan Stanley now owns 12,995,589 shares of the company’s stock valued at $597,147,000 after acquiring an additional 969,819 shares in the last quarter. Wells Fargo & Company MN raised its holdings in First Trust NASDAQ Rising Dividend Achievers by 1.0% in the fourth quarter. Wells Fargo & Company MN now owns 7,955,014 shares of the company’s stock valued at $411,036,000 after acquiring an additional 79,637 shares in the last quarter. International Assets Investment Management LLC lifted its stake in First Trust NASDAQ Rising Dividend Achievers by 5,519.6% in the fourth quarter. International Assets Investment Management LLC now owns 6,615,517 shares of the company’s stock worth $341,824,000 after acquiring an additional 6,497,795 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. grew its holdings in First Trust NASDAQ Rising Dividend Achievers by 10.6% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 5,803,282 shares of the company’s stock worth $299,856,000 after acquiring an additional 557,879 shares in the last quarter.

First Trust NASDAQ Rising Dividend Achievers Trading Up 0.6 %

Shares of NASDAQ:RDVY opened at $55.08 on Friday. The company has a market cap of $10.42 billion, a PE ratio of 10.08 and a beta of 1.15. The company’s 50 day moving average is $54.83 and its two-hundred day moving average is $52.15. First Trust NASDAQ Rising Dividend Achievers has a 52 week low of $43.30 and a 52 week high of $56.28.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 22nd were paid a $0.2238 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date of this dividend was Thursday, March 21st.

First Trust NASDAQ Rising Dividend Achievers Company 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.