Nwam LLC Makes New $277,000 Investment in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Nwam LLC bought a new position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 4,683 shares of the company’s stock, valued at approximately $277,000.

A number of other institutional investors have also made changes to their positions in the company. BNP Paribas Financial Markets increased its stake in First Trust NASDAQ Rising Dividend Achievers by 24,700.0% during the first quarter. BNP Paribas Financial Markets now owns 496 shares of the company’s stock valued at $28,000 after purchasing an additional 494 shares during the last quarter. Russell Investments Group Ltd. acquired a new position in shares of First Trust NASDAQ Rising Dividend Achievers during the first quarter valued at $34,000. Coppell Advisory Solutions Corp. bought a new position in shares of First Trust NASDAQ Rising Dividend Achievers during the first quarter worth about $3,569,000. Comerica Bank increased its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 1.4% in the 1st quarter. Comerica Bank now owns 109,156 shares of the company’s stock worth $6,131,000 after acquiring an additional 1,515 shares during the period. Finally, Jaffetilchin Investment Partners LLC lifted its position in First Trust NASDAQ Rising Dividend Achievers by 9.5% in the 1st quarter. Jaffetilchin Investment Partners LLC now owns 300,570 shares of the company’s stock valued at $16,883,000 after purchasing an additional 26,013 shares during the last quarter.

First Trust NASDAQ Rising Dividend Achievers Stock Up 1.0 %

First Trust NASDAQ Rising Dividend Achievers stock opened at $64.37 on Tuesday. The firm has a 50-day moving average price of $60.32 and a two-hundred day moving average price of $57.46. First Trust NASDAQ Rising Dividend Achievers has a 52-week low of $47.18 and a 52-week high of $64.63. The firm has a market capitalization of $13.27 billion, a price-to-earnings ratio of 10.08 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were given a dividend of $0.1912 per share. The ex-dividend date was Thursday, September 26th. This represents a $0.76 annualized dividend and a dividend yield of 1.19%.

About First Trust NASDAQ Rising Dividend Achievers

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.