Private Advisor Group LLC Has $108.53 Million Position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Private Advisor Group LLC boosted its holdings in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 11.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,835,062 shares of the company’s stock after acquiring an additional 195,213 shares during the quarter. First Trust NASDAQ Rising Dividend Achievers makes up approximately 0.6% of Private Advisor Group LLC’s portfolio, making the stock its 27th largest holding. Private Advisor Group LLC owned 0.84% of First Trust NASDAQ Rising Dividend Achievers worth $108,526,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in RDVY. MBE Wealth Management LLC raised its position in shares of First Trust NASDAQ Rising Dividend Achievers by 4.2% in the fourth quarter. MBE Wealth Management LLC now owns 4,057 shares of the company’s stock valued at $240,000 after purchasing an additional 163 shares during the period. Trueblood Wealth Management LLC raised its position in shares of First Trust NASDAQ Rising Dividend Achievers by 1.4% in the fourth quarter. Trueblood Wealth Management LLC now owns 12,233 shares of the company’s stock valued at $723,000 after purchasing an additional 167 shares during the period. Financial Services Advisory Inc raised its position in shares of First Trust NASDAQ Rising Dividend Achievers by 1.2% in 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 during the period. Crewe Advisors LLC raised its position in shares of First Trust NASDAQ Rising Dividend Achievers by 12.5% in the third quarter. Crewe Advisors LLC now owns 1,635 shares of the company’s stock valued at $97,000 after purchasing an additional 182 shares during the period. Finally, L & S Advisors Inc raised its position in shares of 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 valued at $1,146,000 after purchasing an additional 197 shares during the period.

First Trust NASDAQ Rising Dividend Achievers Stock Up 1.0 %

NASDAQ:RDVY opened at $63.25 on Wednesday. First Trust NASDAQ Rising Dividend Achievers has a 12 month low of $51.50 and a 12 month high of $64.63. The firm has a market cap of $13.80 billion, a price-to-earnings ratio of 10.08 and a beta of 1.15. The company’s 50 day moving average is $61.19 and its 200-day moving average is $60.02.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

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

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.