LPL Financial LLC Has $1.20 Billion Holdings in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

LPL Financial LLC grew its stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY - Free Report) by 4.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,326,430 shares of the company's stock after buying an additional 953,708 shares during the period. First Trust NASDAQ Rising Dividend Achievers accounts for about 0.5% of LPL Financial LLC's holdings, making the stock its 29th biggest holding. LPL Financial LLC owned 9.86% of First Trust NASDAQ Rising Dividend Achievers worth $1,203,528,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. BNP Paribas Financial Markets raised its position 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 acquiring an additional 494 shares in the last quarter. Russell Investments Group Ltd. acquired a new position in First Trust NASDAQ Rising Dividend Achievers in the first quarter valued at approximately $34,000. Kestra Advisory Services LLC boosted its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 17.4% during the 1st quarter. Kestra Advisory Services LLC now owns 2,542,131 shares of the company's stock worth $142,792,000 after buying an additional 376,798 shares in the last quarter. Mount Yale Investment Advisors LLC boosted its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 62.9% during the 1st quarter. Mount Yale Investment Advisors LLC now owns 54,282 shares of the company's stock worth $3,049,000 after buying an additional 20,968 shares in the last quarter. Finally, Econ Financial Services Corp acquired a new stake in shares of First Trust NASDAQ Rising Dividend Achievers during the 1st quarter worth approximately $917,000.

First Trust NASDAQ Rising Dividend Achievers Price Performance

Shares of First Trust NASDAQ Rising Dividend Achievers stock traded up $0.82 during trading on Thursday, reaching $63.09. 703,292 shares of the company traded hands, compared to its average volume of 718,801. The firm has a market capitalization of $13.01 billion, a PE ratio of 10.08 and a beta of 1.15. First Trust NASDAQ Rising Dividend Achievers has a 1-year low of $47.13 and a 1-year high of $63.72. The company has a 50 day moving average price of $59.92 and a 200-day moving average price of $57.25.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were given a $0.1912 dividend. This represents a $0.76 annualized dividend and a yield of 1.21%. The ex-dividend date 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.