Cwm LLC Acquires 53,575 Shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Cwm LLC raised its holdings in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 13.9% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 437,626 shares of the company’s stock after acquiring an additional 53,575 shares during the period. Cwm LLC owned approximately 0.22% of First Trust NASDAQ Rising Dividend Achievers worth $23,960,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. Wells Fargo & Company MN grew its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 1.0% in the 4th quarter. Wells Fargo & Company MN now owns 7,955,014 shares of the company’s stock valued at $411,036,000 after buying an additional 79,637 shares during the period. Commonwealth Equity Services LLC increased its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 10.9% in the first quarter. Commonwealth Equity Services LLC now owns 4,424,371 shares of the company’s stock worth $248,517,000 after acquiring an additional 435,104 shares in the last quarter. Global Assets Advisory LLC raised its position in shares of First Trust NASDAQ Rising Dividend Achievers by 5,315.6% during the first quarter. Global Assets Advisory LLC now owns 4,216,002 shares of the company’s stock worth $236,813,000 after purchasing an additional 4,138,153 shares during the period. Envestnet Asset Management Inc. lifted its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 2.8% during the 4th quarter. Envestnet Asset Management Inc. now owns 2,919,944 shares of the company’s stock valued at $150,873,000 after purchasing an additional 78,257 shares in the last quarter. Finally, Raymond James & Associates grew its position in shares of First Trust NASDAQ Rising Dividend Achievers by 1.8% in the 1st quarter. Raymond James & Associates now owns 2,753,855 shares of the company’s stock valued at $154,684,000 after purchasing an additional 47,982 shares during the period.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

NASDAQ RDVY traded down $0.30 during trading hours on Wednesday, reaching $53.87. 717,787 shares of the company’s stock were exchanged, compared to its average volume of 749,181. First Trust NASDAQ Rising Dividend Achievers has a one year low of $43.30 and a one year high of $59.07. The company’s 50-day moving average is $55.51 and its two-hundred day moving average is $54.35. The company has a market capitalization of $10.72 billion, a price-to-earnings ratio of 10.08 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, June 27th were issued a $0.2616 dividend. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $1.05 dividend on an annualized basis and a dividend yield of 1.94%.

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.