First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) Shares Acquired by Horizon Advisory Services Inc.

Horizon Advisory Services Inc. raised its stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY - Free Report) by 22.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 566,625 shares of the company's stock after purchasing an additional 103,730 shares during the period. First Trust NASDAQ Rising Dividend Achievers makes up approximately 19.2% of Horizon Advisory Services Inc.'s holdings, making the stock its 2nd biggest position. Horizon Advisory Services Inc. owned 0.26% of First Trust NASDAQ Rising Dividend Achievers worth $33,510,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. LPL Financial LLC grew its position in 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 worth $1,203,528,000 after buying an additional 953,708 shares in the last quarter. Private Advisor Group LLC grew its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 11.9% during the 4th quarter. Private Advisor Group LLC now owns 1,835,062 shares of the company's stock worth $108,526,000 after purchasing an additional 195,213 shares in the last quarter. Stifel Financial Corp grew its holdings 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 worth $99,224,000 after purchasing an additional 35,479 shares in the last quarter. HighTower Advisors LLC increased its position in shares of 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 valued at $75,007,000 after purchasing an additional 406,747 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 135.8% in the third quarter. JPMorgan Chase & Co. now owns 1,128,835 shares of the company's stock valued at $66,838,000 after purchasing an additional 650,194 shares in the last quarter.

First Trust NASDAQ Rising Dividend Achievers Stock Up 1.1 %

RDVY traded up $0.65 during trading on Friday, reaching $61.47. 867,618 shares of the company's stock were exchanged, compared to its average volume of 979,847. The company has a market capitalization of $13.41 billion, a P/E ratio of 14.00 and a beta of 1.15. The business has a 50 day moving average price of $61.35 and a 200 day moving average price of $60.35. First Trust NASDAQ Rising Dividend Achievers has a fifty-two week low of $52.59 and a fifty-two week high of $64.63.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

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

First Trust NASDAQ Rising Dividend Achievers 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.