Claro Advisors LLC Increases Stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Claro Advisors LLC lifted its stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 1.2% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 46,095 shares of the company’s stock after buying an additional 529 shares during the quarter. Claro Advisors LLC’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $2,589,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Farmers & Merchants Investments Inc. bought a new stake in First Trust NASDAQ Rising Dividend Achievers in the 4th quarter worth approximately $25,000. Hazlett Burt & Watson Inc. increased its position in First Trust NASDAQ Rising Dividend Achievers by 87.5% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 478 shares of the company’s stock worth $25,000 after purchasing an additional 223 shares during the last quarter. PFG Private Wealth Management LLC purchased a new stake in First Trust NASDAQ Rising Dividend Achievers during the fourth quarter valued at $26,000. Arlington Trust Co LLC purchased a new stake in First Trust NASDAQ Rising Dividend Achievers during the fourth quarter valued at $29,000. Finally, Grove Bank & Trust bought a new position in First Trust NASDAQ Rising Dividend Achievers during the fourth quarter valued at $42,000.

First Trust NASDAQ Rising Dividend Achievers Price Performance

Shares of First Trust NASDAQ Rising Dividend Achievers stock traded down $0.12 on Monday, reaching $54.63. The company had a trading volume of 640,536 shares, compared to its average volume of 739,704. The firm has a market cap of $10.34 billion, a price-to-earnings ratio of 10.08 and a beta of 1.15. The firm’s 50-day moving average price is $54.74 and its two-hundred day moving average price is $53.41. First Trust NASDAQ Rising Dividend Achievers has a 1 year low of $43.30 and a 1 year high of $56.28.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, June 27th were paid a $0.2616 dividend. This represents a $1.05 annualized dividend and a yield of 1.92%. The ex-dividend date of this dividend 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.