Oppenheimer & Co. Inc. Purchases 5,417 Shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Oppenheimer & Co. Inc. grew its stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY - Free Report) by 4.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 123,295 shares of the company's stock after purchasing an additional 5,417 shares during the quarter. Oppenheimer & Co. Inc. owned approximately 0.06% of First Trust NASDAQ Rising Dividend Achievers worth $7,292,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. LPL Financial LLC boosted its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 4.9% in the 3rd quarter. LPL Financial LLC now owns 20,326,430 shares of the company's stock worth $1,203,528,000 after buying an additional 953,708 shares during the last quarter. Private Advisor Group LLC boosted its stake in First Trust NASDAQ Rising Dividend Achievers by 11.9% in the fourth quarter. Private Advisor Group LLC now owns 1,835,062 shares of the company's stock valued at $108,526,000 after acquiring an additional 195,213 shares during the last quarter. Stifel Financial Corp grew its position in shares of First Trust NASDAQ Rising Dividend Achievers by 2.2% during the 3rd quarter. Stifel Financial Corp now owns 1,675,769 shares of the company's stock valued at $99,224,000 after acquiring an additional 35,479 shares during the period. HighTower Advisors LLC increased its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 47.3% during the 3rd quarter. HighTower Advisors LLC now owns 1,267,282 shares of the company's stock worth $75,007,000 after purchasing an additional 406,747 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 135.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,128,835 shares of the company's stock worth $66,838,000 after purchasing an additional 650,194 shares during the period.

First Trust NASDAQ Rising Dividend Achievers Stock Down 1.8 %

First Trust NASDAQ Rising Dividend Achievers stock traded down $1.13 during trading on Monday, hitting $60.34. The stock had a trading volume of 1,140,099 shares, compared to its average volume of 983,203. The stock's 50 day moving average is $61.39 and its two-hundred day moving average is $60.47. First Trust NASDAQ Rising Dividend Achievers has a 1 year low of $52.78 and a 1 year high of $64.63. The stock has a market cap of $13.16 billion, a price-to-earnings ratio of 14.00 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

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