Truist Financial Corp Has $49.83 Million Position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Truist Financial Corp lifted its stake in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 8.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 842,544 shares of the company’s stock after buying an additional 64,267 shares during the quarter. Truist Financial Corp owned about 0.39% of First Trust NASDAQ Rising Dividend Achievers worth $49,828,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. International Assets Investment Management LLC raised its holdings in First Trust NASDAQ Rising Dividend Achievers by 5,796.9% in the 3rd quarter. International Assets Investment Management LLC now owns 6,803,294 shares of the company’s stock valued at $402,823,000 after acquiring an additional 6,687,924 shares during the period. LPL Financial LLC increased its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 4.9% during the third quarter. LPL Financial LLC now owns 20,326,430 shares of the company’s stock worth $1,203,528,000 after purchasing an additional 953,708 shares during the period. JPMorgan Chase & Co. increased its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 135.8% during the third quarter. JPMorgan Chase & Co. now owns 1,128,835 shares of the company’s stock worth $66,838,000 after purchasing an additional 650,194 shares during the period. HighTower Advisors LLC lifted its holdings in First Trust NASDAQ Rising Dividend Achievers by 47.3% during the 3rd quarter. HighTower Advisors LLC now owns 1,267,282 shares of the company’s stock worth $75,007,000 after purchasing an additional 406,747 shares during the last quarter. Finally, Benjamin Edwards Inc. boosted its stake in First Trust NASDAQ Rising Dividend Achievers by 5,198.7% in the 3rd quarter. Benjamin Edwards Inc. now owns 336,786 shares of the company’s stock valued at $19,947,000 after purchasing an additional 330,430 shares during the period.

First Trust NASDAQ Rising Dividend Achievers Price Performance

Shares of NASDAQ RDVY opened at $62.64 on Tuesday. First Trust NASDAQ Rising Dividend Achievers has a one year low of $51.39 and a one year high of $64.63. The firm has a market cap of $13.66 billion, a price-to-earnings ratio of 10.08 and a beta of 1.15. The stock’s fifty day moving average price is $61.18 and its two-hundred day moving average price is $59.98.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were given a dividend of $0.2956 per share. The ex-dividend date was Friday, December 13th.

First Trust NASDAQ Rising Dividend Achievers Company 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.