Royal Bank of Canada Boosts Stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Royal Bank of Canada increased its stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 11.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 3,403,022 shares of the company’s stock after purchasing an additional 344,216 shares during the quarter. Royal Bank of Canada’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $201,255,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Cullen Frost Bankers Inc. bought a new position in First Trust NASDAQ Rising Dividend Achievers in the 4th quarter worth $25,000. Summit Investment Advisors Inc. raised its holdings in First Trust NASDAQ Rising Dividend Achievers by 195.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 443 shares of the company’s stock worth $26,000 after purchasing an additional 293 shares during the period. Graney & King LLC bought a new position in First Trust NASDAQ Rising Dividend Achievers in the 4th quarter worth $27,000. Marshall & Sterling Wealth Advisors Inc. bought a new position in First Trust NASDAQ Rising Dividend Achievers in the 4th quarter worth $38,000. Finally, Sound Income Strategies LLC bought a new position in First Trust NASDAQ Rising Dividend Achievers in the 4th quarter worth $40,000.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

Shares of First Trust NASDAQ Rising Dividend Achievers stock opened at $61.52 on Friday. First Trust NASDAQ Rising Dividend Achievers has a one year low of $50.27 and a one year high of $64.63. The stock’s fifty day moving average is $57.24 and its 200 day moving average is $60.04. The stock has a market cap of $14.33 billion, a P/E ratio of 14.58 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were issued a $0.2544 dividend. This is a boost from First Trust NASDAQ Rising Dividend Achievers’s previous quarterly dividend of $0.19. This represents a $1.02 dividend on an annualized basis and a yield of 1.65%. 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.