Kovack Advisors Inc. Grows Holdings in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Kovack Advisors Inc. increased its position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY - Free Report) by 4.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 113,520 shares of the company's stock after buying an additional 4,601 shares during the quarter. Kovack Advisors Inc. owned 0.05% of First Trust NASDAQ Rising Dividend Achievers worth $6,714,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. LPL Financial LLC increased its position in shares of First Trust NASDAQ Rising Dividend Achievers by 4.9% in the third quarter. LPL Financial LLC now owns 20,326,430 shares of the company's stock valued at $1,203,528,000 after acquiring an additional 953,708 shares during the period. Private Advisor Group LLC increased its holdings in 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 valued at $108,526,000 after purchasing an additional 195,213 shares during the period. Stifel Financial Corp increased its holdings in 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 purchasing an additional 35,479 shares during the period. HighTower Advisors LLC increased its holdings in 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 valued at $75,007,000 after purchasing an additional 406,747 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in First Trust NASDAQ Rising Dividend Achievers by 135.8% during the 3rd 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 during the period.

First Trust NASDAQ Rising Dividend Achievers Stock Up 1.1 %

Shares of RDVY traded up $0.65 during mid-day trading on Friday, hitting $61.47. 867,618 shares of the company's stock traded hands, compared to its average volume of 979,847. First Trust NASDAQ Rising Dividend Achievers has a 1 year low of $52.59 and a 1 year high of $64.63. The firm has a market capitalization of $13.41 billion, a P/E ratio of 14.00 and a beta of 1.15. The business's 50-day moving average price is $61.39 and its 200-day moving average price is $60.43.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders 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 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.