Pinnacle Bancorp Inc. Buys 850 Shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Pinnacle Bancorp Inc. boosted its stake in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 109.7% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,625 shares of the company’s stock after purchasing an additional 850 shares during the quarter. Pinnacle Bancorp Inc.’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $91,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in RDVY. Morgan Stanley grew its holdings in First Trust NASDAQ Rising Dividend Achievers by 8.1% in the 3rd quarter. Morgan Stanley now owns 12,995,589 shares of the company’s stock valued at $597,147,000 after buying an additional 969,819 shares during the last quarter. Wells Fargo & Company MN increased its position in First Trust NASDAQ Rising Dividend Achievers by 1.0% during the fourth quarter. Wells Fargo & Company MN now owns 7,955,014 shares of the company’s stock worth $411,036,000 after acquiring an additional 79,637 shares during the period. International Assets Investment Management LLC increased its position in First Trust NASDAQ Rising Dividend Achievers by 5,519.6% during the fourth quarter. International Assets Investment Management LLC now owns 6,615,517 shares of the company’s stock worth $341,824,000 after acquiring an additional 6,497,795 shares during the period. Raymond James Financial Services Advisors Inc. raised its stake in First Trust NASDAQ Rising Dividend Achievers by 10.6% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 5,803,282 shares of the company’s stock valued at $299,856,000 after purchasing an additional 557,879 shares during the last quarter. Finally, Global Assets Advisory LLC boosted its holdings in First Trust NASDAQ Rising Dividend Achievers by 5,315.6% in the 1st quarter. Global Assets Advisory LLC now owns 4,216,002 shares of the company’s stock valued at $236,813,000 after purchasing an additional 4,138,153 shares during the period.

First Trust NASDAQ Rising Dividend Achievers Price Performance

NASDAQ RDVY opened at $54.75 on Friday. The company’s fifty day moving average is $54.74 and its two-hundred day moving average is $53.36. The firm has a market capitalization of $10.36 billion, a price-to-earnings ratio of 10.08 and a beta of 1.15. First Trust NASDAQ Rising Dividend Achievers has a 52-week low of $43.30 and a 52-week high of $56.28.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Thursday, June 27th were given a dividend of $0.2616 per share. This represents a $1.05 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date was Thursday, June 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.