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

US Bancorp DE has increased its stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 5.4% in the third quarter, according to the latest 13F filing with the SEC. After the purchase of an additional 17,244 shares during this quarter, US Bancorp DE now holds 334,077 shares of the company. This investment amounts to approximately 0.16% of First Trust NASDAQ Rising Dividend Achievers, valued at $19,784,000 as per the recent filing.

Other institutional investors have also adjusted their positions in First Trust NASDAQ Rising Dividend Achievers. For example, Ashton Thomas Private Wealth LLC boosted its holdings by 49.8% in the first quarter, acquiring an additional 3,930 shares to reach a total of 11,825 shares, valued at $664,000. Meanwhile, BNP Paribas Financial Markets made a significant increase by 24,700%, now owning 496 shares after acquiring 494 additional shares, worth around $28,000. FinTrust Capital Advisors LLC also raised its position by 9.0%, holding 4,856 shares valued at $273,000 after buying an additional 399 shares.

Furthermore, Integrity Financial Corp WA established a new position in the ETF in the first quarter, worth approximately $3,794,000. C2P Capital Advisory Group LLC d.b.a Prosperity Capital Advisors significantly increased its stake by 87.3%, owning 52,024 shares worth about $2,922,000 after acquiring an additional 24,245 shares.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

On Friday, the stock price for First Trust NASDAQ Rising Dividend Achievers opened at $58.87. It has a 50-day moving average price of $58.69 and a 200-day moving average of $56.48. The company has a market capitalization of $12.14 billion, a price-to-earnings (PE) ratio of 10.08, and a beta value of 1.15. Over the past year, the stock has reached a low of $44.67 and a high of $60.94.

Dividend Announcement

Recently, the firm declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders who were on record as of Thursday, September 26th, received a dividend of $0.1912. This translates to an annualized dividend of $0.76, resulting in a dividend yield of 1.30%. The ex-dividend date for this payment was also on September 26th.

About First Trust NASDAQ Rising Dividend Achievers

The First Trust NASDAQ Rising Dividend Achievers ETF (RDVY) is an exchange-traded fund designed to track an index composed of 50 large-cap stocks with a history of rising and high-quality dividends. Launched on January 6, 2014, it is managed by First Trust.

Investing Recommendations

Investors considering a stake in First Trust NASDAQ Rising Dividend Achievers should take note of market insights. While the ETF currently is rated as a "hold" by analysts, there are indications that other stocks might be more favorable investment opportunities at this time.

investment, stocks, dividend