Nomura Asset Management Co. Ltd. Invests $1.38 Million in First Trust Rising Dividend Achievers ETF $RDVY

Nomura Asset Management Co. Ltd. bought a new position in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) in the 4th quarter, according to its most recent disclosure with the SEC. The firm bought 19,840 shares of the company’s stock, valued at approximately $1,378,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Quad Cities Investment Group LLC lifted its position in shares of First Trust Rising Dividend Achievers ETF by 0.7% in the 4th quarter. Quad Cities Investment Group LLC now owns 21,219 shares of the company’s stock worth $1,474,000 after purchasing an additional 157 shares during the period. Allworth Financial LP lifted its position in First Trust Rising Dividend Achievers ETF by 0.3% during the 3rd quarter. Allworth Financial LP now owns 59,767 shares of the company’s stock valued at $4,020,000 after acquiring an additional 159 shares during the period. Insigneo Advisory Services LLC lifted its position in First Trust Rising Dividend Achievers ETF by 0.8% during the 3rd quarter. Insigneo Advisory Services LLC now owns 19,956 shares of the company’s stock valued at $1,342,000 after acquiring an additional 163 shares during the period. Proactive Wealth Strategies LLC lifted its position in First Trust Rising Dividend Achievers ETF by 0.3% during the 3rd quarter. Proactive Wealth Strategies LLC now owns 64,148 shares of the company’s stock valued at $4,315,000 after acquiring an additional 174 shares during the period. Finally, Acorn Wealth Advisors LLC lifted its position in First Trust Rising Dividend Achievers ETF by 3.7% during the 4th quarter. Acorn Wealth Advisors LLC now owns 5,481 shares of the company’s stock valued at $381,000 after acquiring an additional 197 shares during the period.

First Trust Rising Dividend Achievers ETF Price Performance

Shares of NASDAQ RDVY opened at $75.55 on Friday. First Trust Rising Dividend Achievers ETF has a 1 year low of $60.30 and a 1 year high of $77.12. The stock has a market cap of $22.19 billion, a P/E ratio of 15.46 and a beta of 1.01. The firm has a 50-day moving average of $73.38 and a 200 day moving average of $71.52.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were given a dividend of $0.1813 per share. This represents a $0.73 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Thursday, March 26th.

First Trust Rising Dividend Achievers ETF 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.