US Bancorp DE Increases Investment in First Trust NASDAQ Rising Dividend Achievers

US Bancorp DE has raised its stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 5.4% during the third quarter, as per the latest 13F filing with the SEC. As a result, the firm now holds 334,077 shares of the company after acquiring an additional 17,244 shares. Based on their recent filing, US Bancorp DE controls approximately 0.16% of First Trust NASDAQ Rising Dividend Achievers, valued at around $19,784,000.

In addition to US Bancorp DE, other institutional investors have also adjusted their positions in First Trust NASDAQ Rising Dividend Achievers. For instance, Ashton Thomas Private Wealth LLC increased its investment by 49.8% in the first quarter, now owning 11,825 shares worth $664,000 after acquiring an extra 3,930 shares. BNP Paribas Financial Markets significantly boosted its holdings by an astounding 24,700.0% in the same period, now holding 496 shares valued at $28,000 after buying 494 additional shares. Similarly, FinTrust Capital Advisors LLC raised its stake by 9.0%, now holding 4,856 shares worth $273,000 after a purchase of 399 shares.

Integrity Financial Corp WA established a new position in First Trust NASDAQ Rising Dividend Achievers during the first quarter, with an estimate of approximately $3,794,000 invested. Meanwhile, C2P Capital Advisory Group LLC, also known as Prosperity Capital Advisors, increased their stake by 87.3%, now owning 52,024 shares valued at $2,922,000 after acquiring an additional 24,245 shares during the quarter.

Overview of First Trust NASDAQ Rising Dividend Achievers Performance

The stock of First Trust NASDAQ Rising Dividend Achievers opened at $58.87 on the latest trading day. The 50-day moving average for the stock is $58.69, while the 200-day moving average is $56.48. The company currently has a market capitalization of $12.14 billion and displays a PE ratio of 10.08, with a beta of 1.15. Over the past year, the stock reached a low of $44.67 and a high of $60.94.

Dividend Information

Recently, First Trust NASDAQ Rising Dividend Achievers announced a quarterly dividend, which was distributed on Monday, September 30th. Shareholders on record as of Thursday, September 26th received a dividend payment of $0.1912. This translates to an annualized dividend of $0.76, yielding approximately 1.30%. The ex-dividend date for this payment was also on Thursday, September 26th.

About First Trust NASDAQ Rising Dividend Achievers

The First Trust Rising Dividend Achievers ETF (RDVY) is an exchange-traded fund that tracks the NASDAQ US Rising Dividend Achievers index. It includes a collection of 50 large-cap stocks that provide rising, high-quality dividends. Launched on January 6, 2014, the ETF is managed by First Trust.

Considerations for Investors

Before making investment decisions regarding the First Trust NASDAQ Rising Dividend Achievers, it is advisable for investors to review various analysts' recommendations and market trends. While the current consensus among analysts remains a 'hold' for RDVY, some top-rated analysts have identified alternative stocks that they believe are more favorable investments at this time.

Investment, Stock, Dividend