Bank of New York Mellon Corp Has $303,000 Stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Bank of New York Mellon Corp boosted its stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 16.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,119 shares of the company’s stock after purchasing an additional 719 shares during the quarter. Bank of New York Mellon Corp’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $303,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. ORG Partners LLC lifted its position in shares of First Trust NASDAQ Rising Dividend Achievers by 259.3% during the fourth quarter. ORG Partners LLC now owns 202,120 shares of the company’s stock valued at $11,953,000 after purchasing an additional 145,866 shares in the last quarter. Captrust Financial Advisors bought a new position in First Trust NASDAQ Rising Dividend Achievers in the 3rd quarter valued at $247,000. SMART Wealth LLC grew its position in First Trust NASDAQ Rising Dividend Achievers by 21.4% during the third quarter. SMART Wealth LLC now owns 95,355 shares of the company’s stock worth $5,646,000 after buying an additional 16,777 shares in the last quarter. Next Level Private LLC raised its stake in First Trust NASDAQ Rising Dividend Achievers by 6.2% in the fourth quarter. Next Level Private LLC now owns 262,333 shares of the company’s stock valued at $15,514,000 after purchasing an additional 15,253 shares in the last quarter. Finally, Aspire Capital Advisors LLC lifted its stake in First Trust NASDAQ Rising Dividend Achievers by 3.7% during the fourth quarter. Aspire Capital Advisors LLC now owns 213,876 shares of the company’s stock worth $12,649,000 after purchasing an additional 7,558 shares during the last quarter.

First Trust NASDAQ Rising Dividend Achievers Stock Down 2.0 %

Shares of NASDAQ:RDVY opened at $58.03 on Friday. The stock has a market cap of $13.20 billion, a PE ratio of 14.89 and a beta of 1.14. First Trust NASDAQ Rising Dividend Achievers has a 52 week low of $52.78 and a 52 week high of $64.63. The company’s fifty day moving average is $60.99 and its 200 day moving average is $60.64.

First Trust NASDAQ Rising Dividend Achievers Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 27th will be issued a dividend of $0.2544 per share. This represents a $1.02 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date is Thursday, March 27th. This is an increase from First Trust NASDAQ Rising Dividend Achievers’s previous quarterly dividend of $0.19.

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.