MAI Capital Management Increases Holdings in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

MAI Capital Management raised its holdings in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 22.0% in the third quarter, HoldingsChannel reports. The firm owned 14,715 shares of the company’s stock after buying an additional 2,657 shares during the quarter. MAI Capital Management’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $871,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. BNP Paribas Financial Markets boosted its holdings in First Trust NASDAQ Rising Dividend Achievers by 24,700.0% in the first quarter. BNP Paribas Financial Markets now owns 496 shares of the company’s stock valued at $28,000 after acquiring an additional 494 shares in the last quarter. Russell Investments Group Ltd. purchased a new position in shares of First Trust NASDAQ Rising Dividend Achievers during the first quarter valued at about $34,000. Kestra Advisory Services LLC raised its stake in First Trust NASDAQ Rising Dividend Achievers by 17.4% in the first quarter. Kestra Advisory Services LLC now owns 2,542,131 shares of the company’s stock worth $142,792,000 after buying an additional 376,798 shares in the last quarter. Mount Yale Investment Advisors LLC lifted its holdings in First Trust NASDAQ Rising Dividend Achievers by 62.9% in the first quarter. Mount Yale Investment Advisors LLC now owns 54,282 shares of the company’s stock worth $3,049,000 after buying an additional 20,968 shares during the period. Finally, Econ Financial Services Corp bought a new stake in First Trust NASDAQ Rising Dividend Achievers during the 1st quarter valued at approximately $917,000.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

Shares of NASDAQ:RDVY opened at $63.09 on Friday. The firm has a market capitalization of $13.01 billion, a P/E ratio of 10.08 and a beta of 1.15. The stock has a 50 day moving average price of $59.92 and a 200-day moving average price of $57.25. First Trust NASDAQ Rising Dividend Achievers has a 52-week low of $47.13 and a 52-week high of $63.72.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were given a dividend of $0.1912 per share. This represents a $0.76 annualized dividend and a yield of 1.21%. The ex-dividend date was Thursday, September 26th.

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.