Larson Financial Group LLC Purchases 3,829 Shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Larson Financial Group LLC grew its stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 15.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 28,457 shares of the company’s stock after acquiring an additional 3,829 shares during the quarter. Larson Financial Group LLC’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $1,685,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Financial Services Advisory Inc lifted its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 1.2% during the third quarter. Financial Services Advisory Inc now owns 14,883 shares of the company’s stock valued at $881,000 after purchasing an additional 170 shares in the last quarter. Kingswood Wealth Advisors LLC increased its position in First Trust NASDAQ Rising Dividend Achievers by 3.5% in the second quarter. Kingswood Wealth Advisors LLC now owns 5,573 shares of the company’s stock worth $305,000 after buying an additional 186 shares in the last quarter. L & S Advisors Inc increased its position in First Trust NASDAQ Rising Dividend Achievers by 1.0% in the third quarter. L & S Advisors Inc now owns 19,350 shares of the company’s stock worth $1,146,000 after buying an additional 197 shares in the last quarter. Arkadios Wealth Advisors increased its position in First Trust NASDAQ Rising Dividend Achievers by 0.3% in the second quarter. Arkadios Wealth Advisors now owns 71,312 shares of the company’s stock worth $3,904,000 after buying an additional 228 shares in the last quarter. Finally, Old Port Advisors grew its position in shares of First Trust NASDAQ Rising Dividend Achievers by 3.9% during the second quarter. Old Port Advisors now owns 6,728 shares of the company’s stock worth $368,000 after purchasing an additional 250 shares in the last quarter.

First Trust NASDAQ Rising Dividend Achievers Trading Up 1.0 %

NASDAQ:RDVY opened at $63.72 on Monday. First Trust NASDAQ Rising Dividend Achievers has a 12-month low of $47.18 and a 12-month high of $63.78. The stock has a 50-day moving average price of $60.18 and a 200 day moving average price of $57.39. The stock has a market capitalization of $13.14 billion, a P/E ratio of 10.08 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were given a dividend of $0.1912 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.20%. The ex-dividend date of this dividend was Thursday, September 26th.

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.