First Republic Investment Management Inc., a well-known investment management company, has recently decreased its holdings in First Trust NASDAQ Rising Dividend Achievers (RDVY) by 7.5% during the first quarter of this year. According to their most recent disclosure with the Securities and Exchange Commission (SEC), the firm now owns 634,796 shares of RDVY after selling 51,518 shares. This decrease in holdings represents approximately 0.37% of First Trust NASDAQ Rising Dividend Achievers’ total value, which is estimated to be $28,483,000.
For investors interested in getting a comprehensive overview of other hedge funds holding RDVY, a visit to HoldingsChannel.com would provide access to the latest 13F filings and insider trades related to this investment option.
Furthermore, First Trust NASDAQ Rising Dividend Achievers recently announced a quarterly dividend. The payment was made on Friday, June 30th to investors who were recorded on Wednesday, June 28th as holders of RDVY stock. The dividend issued was $0.3021 per share. Annually, this dividend amounts to $1.21 per share and results in a dividend yield of 2.52%. It is interesting to note that this quarterly dividend represents an increase from its previous value of $0.21.
Overall, the actions taken by First Republic Investment Management Inc., along with the disclosed quarterly dividend adjustments from First Trust NASDAQ Rising Dividend Achievers, indicate potential shifts within the market for investors seeking stable returns through dividends. These changes may influence investor decisions regarding involvement with RDVY and should be carefully considered based on individual financial goals and portfolio strategies.
Reference:
Seeking Alpha (September 3, 2023). &First Republic Investment Management Inc decreases position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY). Retrieved from [insert URL]
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Institutional Investors and Hedge Funds Display Confidence in First Trust NASDAQ Rising Dividend Achievers
In recent months, there has been a noticeable shift in the holdings of institutional investors and hedge funds regarding First Trust NASDAQ Rising Dividend Achievers. WealthShield Partners LLC, for example, made a new investment in the company during the first quarter of this year. The stake they acquired was valued at approximately $48,000. Similarly, Householder Group Estate & Retirement Specialist LLC also acquired a new stake in the same period, investing around $52,000. These moves by prominent players in the financial industry reflect their confidence in the potential of First Trust NASDAQ Rising Dividend Achievers.
Another notable investor, Fifth Third Bancorp, significantly increased its holdings in the company by 738.4% during the first quarter. They now own 1,266 shares of First Trust NASDAQ Rising Dividend Achievers’ stock worth $57,000. This demonstrates their belief in the company’s prospects and solidifies their commitment to its success.
Godsey & Gibb Inc., a trusted name in wealth management services, decided to enter the scene as well by acquiring a new position in First Trust NASDAQ Rising Dividend Achievers with an investment valued at approximately $62,000 during the first quarter of this year.
Signaturefd LLC also joined this group of investors seeking growth opportunities through First Trust NASDAQ Rising Dividend Achievers. Their position was boosted by a staggering 57.8% increase during the first quarter. Signaturefd LLC now owns 2,615 shares valued at $117,000.
The impact of these investments on First Trust NASDAQ Rising Dividend Achievers is evident when we examine its stock performance. On Friday, September 3rd, shares opened at $47.90. The firm currently boasts a market capitalization of $8.17 billion and has a price-to-earnings ratio (PE ratio) of 9.91 with a beta score of 1.15. These figures reflect the market’s perception of the company’s value and potential for growth.
It is essential to note that First Trust NASDAQ Rising Dividend Achievers has experienced a range of prices in the past year. Its 1-year low was recorded at $38.34, while its 1-year high reached $49.68. This volatility indicates an active and fluctuating stock, which can present both risks and opportunities for investors.
To better understand the context of these investments, it is crucial to delve into the specifics of First Trust NASDAQ Rising Dividend Achievers’ operations. The company is primarily supported by The First Trust Rising Dividend Achievers ETF (RDVY), an exchange-traded fund that tracks the performance of the NASDAQ US Rising Dividend Achievers index. RDVY focuses on 50 large-cap stocks with rising dividends of high quality.
The ETF, initiated on January 6, 2014, remains under the management of First Trust. Their expertise and experience in managing investment funds contribute to investors’ confidence in this particular venture.
In conclusion, the recent modifications to holdings made by institutional investors and hedge funds have shed light on First Trust NASDAQ Rising Dividend Achievers’ potential and attractiveness as an investment opportunity. These significant investments from key players in the financial industry instill confidence in other potential investors who may be contemplating entering into positions within this company. As always, caution must be exercised when considering any investment opportunity, taking into account market trends and fluctuations as well as one’s own investment goals and risk appetite.
