14,488 Shares in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) Purchased by Cahill Financial Advisors Inc.

Cahill Financial Advisors Inc. acquired a new stake in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 14,488 shares of the company’s stock, valued at approximately $857,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB bought a new position in First Trust NASDAQ Rising Dividend Achievers in the 3rd quarter valued at approximately $104,000. Synovus Financial Corp raised its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 56.9% in the third quarter. Synovus Financial Corp now owns 8,612 shares of the company’s stock worth $510,000 after purchasing an additional 3,124 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 39.7% during the fourth quarter. GAMMA Investing LLC now owns 5,479 shares of the company’s stock valued at $324,000 after purchasing an additional 1,558 shares in the last quarter. Park National Corp OH boosted its position in shares of First Trust NASDAQ Rising Dividend Achievers by 0.3% during the fourth quarter. Park National Corp OH now owns 285,137 shares of the company’s stock valued at $16,863,000 after buying an additional 854 shares during the last quarter. Finally, ORG Partners LLC increased its holdings in First Trust NASDAQ Rising Dividend Achievers by 259.3% in the 4th quarter. ORG Partners LLC now owns 202,120 shares of the company’s stock worth $11,953,000 after buying an additional 145,866 shares in the last quarter.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

RDVY opened at $58.28 on Tuesday. The company’s 50-day simple moving average is $57.22 and its two-hundred day simple moving average is $60.03. The stock has a market capitalization of $13.58 billion, a P/E ratio of 13.97 and a beta of 1.15. First Trust NASDAQ Rising Dividend Achievers has a 52-week low of $50.27 and a 52-week 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. Shareholders of record on Thursday, March 27th were given a $0.2544 dividend. The ex-dividend date was Thursday, March 27th. This is an increase from First Trust NASDAQ Rising Dividend Achievers’s previous quarterly dividend of $0.19. This represents a $1.02 annualized dividend and a yield of 1.75%.

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.