Independent Advisor Alliance acquired a new stake in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 261,177 shares of the company's stock, valued at approximately $15,446,000. Independent Advisor Alliance owned approximately 0.12% of First Trust NASDAQ Rising Dividend Achievers as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also made changes to their positions in the company. Raymond James Financial Inc. bought a new stake in First Trust NASDAQ Rising Dividend Achievers in the fourth quarter valued at about $593,242,000. LPL Financial LLC boosted its stake in 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 valued at $1,203,528,000 after buying an additional 953,708 shares in the last quarter. JPMorgan Chase & Co. grew its position in 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 acquiring an additional 650,194 shares during the period. HighTower Advisors LLC raised its stake 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 in the last quarter. Finally, SRS Capital Advisors Inc. raised its stake in First Trust NASDAQ Rising Dividend Achievers by 128.3% during the fourth quarter. SRS Capital Advisors Inc. now owns 708,953 shares of the company's stock worth $41,928,000 after acquiring an additional 398,469 shares in the last quarter.
First Trust NASDAQ Rising Dividend Achievers Price Performance
Shares of RDVY traded down $0.65 on Thursday, hitting $57.22. The company's stock had a trading volume of 902,442 shares, compared to its average volume of 757,769. The company has a market capitalization of $12.90 billion, a PE ratio of 14.78 and a beta of 1.14. The company has a 50 day moving average price of $61.33 and a 200 day moving average price of $60.55. First Trust NASDAQ Rising Dividend Achievers has a fifty-two week low of $52.78 and a fifty-two week high of $64.63.
About First Trust NASDAQ Rising Dividend Achievers
(
Free Report)
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.
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