Citigroup Inc. Raises Position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Citigroup Inc. increased its holdings in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 7.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 300,031 shares of the company’s stock after buying an additional 20,531 shares during the quarter. Citigroup Inc.’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $17,765,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in RDVY. Headlands Technologies LLC purchased a new position in shares of First Trust NASDAQ Rising Dividend Achievers in the second quarter worth $29,000. Kings Path Partners LLC acquired a new position in shares of First Trust NASDAQ Rising Dividend Achievers in the 2nd quarter valued at $31,000. Russell Investments Group Ltd. purchased a new position in First Trust NASDAQ Rising Dividend Achievers in the 1st quarter worth $34,000. Rothschild Investment LLC acquired a new stake in First Trust NASDAQ Rising Dividend Achievers during the 2nd quarter worth about $34,000. Finally, Hazlett Burt & Watson Inc. grew its stake in First Trust NASDAQ Rising Dividend Achievers by 54.2% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 740 shares of the company’s stock valued at $40,000 after purchasing an additional 260 shares during the last quarter.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

Shares of RDVY stock opened at $64.06 on Thursday. First Trust NASDAQ Rising Dividend Achievers has a fifty-two week low of $47.18 and a fifty-two week high of $64.63. The firm has a market capitalization of $13.21 billion, a PE ratio of 10.08 and a beta of 1.15. The stock’s 50-day simple moving average is $60.56 and its 200-day simple moving average is $57.57.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were given a dividend of $0.1912 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date was Thursday, September 26th.

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.