Cozad Asset Management Inc. Increases Stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Cozad Asset Management Inc. increased its holdings in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 0.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 70,156 shares of the company’s stock after purchasing an additional 453 shares during the period. Cozad Asset Management Inc.’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $3,625,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. LPL Financial LLC boosted its position in First Trust NASDAQ Rising Dividend Achievers by 4.5% during the 3rd quarter. LPL Financial LLC now owns 16,132,424 shares of the company’s stock valued at $741,285,000 after buying an additional 689,605 shares during the period. Morgan Stanley boosted its position in First Trust NASDAQ Rising Dividend Achievers by 8.1% during 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 period. International Assets Investment Management LLC boosted its position in First Trust NASDAQ Rising Dividend Achievers by 5,519.6% during the 4th quarter. International Assets Investment Management LLC now owns 6,615,517 shares of the company’s stock valued at $341,824,000 after buying an additional 6,497,795 shares during the period. Raymond James Financial Services Advisors Inc. boosted its position 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 buying an additional 557,879 shares during the period. Finally, Ameriprise Financial Inc. boosted its position in First Trust NASDAQ Rising Dividend Achievers by 4.8% during the 3rd quarter. Ameriprise Financial Inc. now owns 4,070,451 shares of the company’s stock valued at $187,008,000 after buying an additional 187,162 shares during the period.

First Trust NASDAQ Rising Dividend Achievers Price Performance

RDVY traded down $0.89 during trading on Tuesday, hitting $53.61. 226,814 shares of the stock traded hands, compared to its average volume of 788,312. The firm has a 50-day moving average of $54.19 and a 200 day moving average of $50.86. First Trust NASDAQ Rising Dividend Achievers has a 12-month low of $42.42 and a 12-month high of $56.28. The firm has a market capitalization of $10.13 billion, a P/E ratio of 9.78 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 22nd were given a $0.2238 dividend. The ex-dividend date was Thursday, March 21st. This represents a $0.90 annualized dividend and a dividend yield of 1.67%.

First Trust NASDAQ Rising Dividend Achievers Company 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.