Titleist Asset Management LLC Has $3.97 Million Stock Holdings in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Titleist Asset Management LLC raised its stake in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 0.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 67,077 shares of the company’s stock after buying an additional 517 shares during the period. Titleist Asset Management LLC’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $3,967,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of RDVY. MBE Wealth Management LLC increased its holdings in First Trust NASDAQ Rising Dividend Achievers by 4.2% in the fourth quarter. MBE Wealth Management LLC now owns 4,057 shares of the company’s stock worth $240,000 after buying an additional 163 shares during the last quarter. Trueblood Wealth Management LLC raised its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 1.4% during the 4th quarter. Trueblood Wealth Management LLC now owns 12,233 shares of the company’s stock valued at $723,000 after purchasing an additional 167 shares in the last quarter. Pacific Sun Financial Corp raised its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 2.9% during the 4th quarter. Pacific Sun Financial Corp now owns 6,090 shares of the company’s stock valued at $360,000 after purchasing an additional 170 shares in the last quarter. Wealth Effects LLC lifted its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 0.6% in the 4th quarter. Wealth Effects LLC now owns 34,830 shares of the company’s stock valued at $2,060,000 after purchasing an additional 200 shares during the last quarter. Finally, Hazlett Burt & Watson Inc. boosted its holdings in First Trust NASDAQ Rising Dividend Achievers by 27.2% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 949 shares of the company’s stock worth $57,000 after purchasing an additional 203 shares in the last quarter.

First Trust NASDAQ Rising Dividend Achievers Price Performance

NASDAQ RDVY opened at $52.72 on Friday. First Trust NASDAQ Rising Dividend Achievers has a fifty-two week low of $52.59 and a fifty-two week high of $64.63. The stock’s 50-day moving average is $60.44 and its two-hundred day moving average is $60.67. The firm has a market cap of $12.04 billion, a P/E ratio of 14.89 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were paid a $0.2544 dividend. This represents a $1.02 dividend on an annualized basis and a dividend yield of 1.93%. This is an increase from First Trust NASDAQ Rising Dividend Achievers’s previous quarterly dividend of $0.19. 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.