Short Interest in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) Declines By 34.4%

First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) saw a significant decrease in short interest during the month of March. As of March 15th, there was short interest totalling 227,700 shares, a decrease of 34.4% from the February 28th total of 347,100 shares. Based on an average trading volume of 1,005,000 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the company’s shares are sold short.

Institutional Investors Weigh In On First Trust NASDAQ Rising Dividend Achievers

Several institutional investors have recently bought and sold shares of RDVY. LPL Financial LLC boosted its position in First Trust NASDAQ Rising Dividend Achievers by 4.8% during the 4th quarter. LPL Financial LLC now owns 21,307,144 shares of the company’s stock worth $1,260,104,000 after purchasing an additional 980,714 shares during the period. Raymond James Financial Inc. acquired a new position in shares of First Trust NASDAQ Rising Dividend Achievers during the fourth quarter worth about $593,242,000. Wells Fargo & Company MN boosted its position in shares of First Trust NASDAQ Rising Dividend Achievers by 3.8% in the fourth quarter. Wells Fargo & Company MN now owns 9,008,501 shares of the company’s stock worth $532,763,000 after buying an additional 327,729 shares during the period. Ameriprise Financial Inc. grew its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 30.0% in the fourth quarter. Ameriprise Financial Inc. now owns 6,135,682 shares of the company’s stock valued at $362,832,000 after buying an additional 1,417,024 shares in the last quarter. Finally, Commonwealth Equity Services LLC raised its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 7.8% during the 4th quarter. Commonwealth Equity Services LLC now owns 5,640,003 shares of the company’s stock valued at $333,550,000 after buying an additional 409,135 shares during the period.

First Trust NASDAQ Rising Dividend Achievers Trading Down 2.0 %

Shares of First Trust NASDAQ Rising Dividend Achievers stock traded down $1.20 during trading hours on Friday, reaching $58.03. The stock had a trading volume of 1,531,740 shares, compared to its average volume of 773,474. First Trust NASDAQ Rising Dividend Achievers has a 1 year low of $52.78 and a 1 year high of $64.63. The firm has a market capitalization of $12.66 billion, a price-to-earnings ratio of 14.89 and a beta of 1.15. The firm has a 50 day simple moving average of $60.99 and a two-hundred day simple moving average of $60.67.

First Trust NASDAQ Rising Dividend Achievers Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 27th will be issued a $0.2544 dividend. This is a positive change from First Trust NASDAQ Rising Dividend Achievers’s previous quarterly dividend of $0.19. The ex-dividend date is Thursday, March 27th. This represents a $1.02 annualized dividend and a yield of 1.75%.

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.