Raymond James Financial Inc. Purchases New Position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Raymond James Financial Inc. purchased a new stake in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 10,031,147 shares of the company’s stock, valued at approximately $593,242,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Cullen Frost Bankers Inc. bought a new stake in shares of First Trust NASDAQ Rising Dividend Achievers during the fourth quarter valued at approximately $25,000. LVZ Inc. increased its position in shares of First Trust NASDAQ Rising Dividend Achievers by 19.5% during the fourth quarter. LVZ Inc. now owns 9,203 shares of the company’s stock valued at $544,000 after acquiring an additional 1,504 shares in the last quarter. Atria Investments Inc increased its position in shares of First Trust NASDAQ Rising Dividend Achievers by 6.0% during the fourth quarter. Atria Investments Inc now owns 63,134 shares of the company’s stock valued at $3,734,000 after acquiring an additional 3,581 shares in the last quarter. Assetmark Inc. increased its position in shares of First Trust NASDAQ Rising Dividend Achievers by 55.8% during the fourth quarter. Assetmark Inc. now owns 7,428 shares of the company’s stock valued at $439,000 after acquiring an additional 2,661 shares in the last quarter. Finally, NewSquare Capital LLC bought a new stake in First Trust NASDAQ Rising Dividend Achievers in the 4th quarter worth approximately $178,000.

First Trust NASDAQ Rising Dividend Achievers Trading Up 0.9 %

NASDAQ:RDVY opened at $59.83 on Thursday. First Trust NASDAQ Rising Dividend Achievers has a 12 month low of $52.78 and a 12 month high of $64.63. The company has a market cap of $13.05 billion, a PE ratio of 14.00 and a beta of 1.15. The company has a 50 day simple moving average of $61.39 and a two-hundred day simple moving average of $60.50.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were given a $0.2956 dividend. The ex-dividend date was Friday, December 13th.

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.