139,643 Shares in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) Purchased by ODonnell Financial Services LLC

ODonnell Financial Services LLC bought a new stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 139,643 shares of the company’s stock, valued at approximately $8,268,000. First Trust NASDAQ Rising Dividend Achievers makes up about 3.4% of ODonnell Financial Services LLC’s holdings, making the stock its 10th largest holding. ODonnell Financial Services LLC owned 0.07% of First Trust NASDAQ Rising Dividend Achievers at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of RDVY. BNP Paribas Financial Markets raised its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 24,700.0% in the 1st quarter. BNP Paribas Financial Markets now owns 496 shares of the company’s stock worth $28,000 after buying an additional 494 shares in the last quarter. Headlands Technologies LLC bought a new stake in First Trust NASDAQ Rising Dividend Achievers in the second quarter worth about $29,000. Kings Path Partners LLC acquired a new stake in First Trust NASDAQ Rising Dividend Achievers in the 2nd quarter valued at about $31,000. Russell Investments Group Ltd. bought a new position in shares of First Trust NASDAQ Rising Dividend Achievers during the 1st quarter valued at about $34,000. Finally, Rothschild Investment LLC acquired a new position in shares of First Trust NASDAQ Rising Dividend Achievers in the 2nd quarter worth approximately $34,000.

First Trust NASDAQ Rising Dividend Achievers Price Performance

NASDAQ RDVY opened at $59.71 on Wednesday. First Trust NASDAQ Rising Dividend Achievers has a 12 month low of $43.30 and a 12 month high of $60.94. The company has a market capitalization of $12.24 billion, a P/E ratio of 10.08 and a beta of 1.15. The company’s 50 day simple moving average is $58.30 and its 200 day simple moving average is $56.23.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were given a dividend of $0.1912 per share. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.28%.

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.