Envestnet Portfolio Solutions Inc. Boosts Stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Envestnet Portfolio Solutions Inc. raised its position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY - Free Report) by 8.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 237,697 shares of the company's stock after purchasing an additional 19,525 shares during the quarter. Envestnet Portfolio Solutions Inc. owned 0.11% of First Trust NASDAQ Rising Dividend Achievers worth $14,057,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in RDVY. Raymond James Financial Inc. bought a new stake in First Trust NASDAQ Rising Dividend Achievers in the fourth quarter worth approximately $593,242,000. LPL Financial LLC boosted its position in shares of First Trust NASDAQ Rising Dividend Achievers by 4.9% during the third quarter. LPL Financial LLC now owns 20,326,430 shares of the company's stock valued at $1,203,528,000 after buying an additional 953,708 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of First Trust NASDAQ Rising Dividend Achievers by 135.8% during the third quarter. JPMorgan Chase & Co. now owns 1,128,835 shares of the company's stock valued at $66,838,000 after buying an additional 650,194 shares during the last quarter. Commonwealth Equity Services LLC boosted its position in shares of First Trust NASDAQ Rising Dividend Achievers by 7.8% during the fourth quarter. Commonwealth Equity Services LLC now owns 5,640,003 shares of the company's stock valued at $333,550,000 after buying an additional 409,135 shares during the last quarter. Finally, HighTower Advisors LLC lifted its holdings in First Trust NASDAQ Rising Dividend Achievers by 47.3% during the third quarter. HighTower Advisors LLC now owns 1,267,282 shares of the company's stock worth $75,007,000 after acquiring an additional 406,747 shares during the period.

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First Trust NASDAQ Rising Dividend Achievers Stock Down 0.5 %

First Trust NASDAQ Rising Dividend Achievers stock traded down $0.29 during mid-day trading on Thursday, reaching $59.04. 584,667 shares of the company's stock were exchanged, compared to its average volume of 768,364. The business's fifty day simple moving average is $61.21 and its 200 day simple moving average is $60.56. The firm has a market capitalization of $12.88 billion, a PE ratio of 14.78 and a beta of 1.15. First Trust NASDAQ Rising Dividend Achievers has a one year low of $52.78 and a one year high of $64.63.

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.