LPL Financial LLC Grows Stock Position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

LPL Financial LLC lifted its holdings in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY - Free Report) by 4.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,307,144 shares of the company's stock after purchasing an additional 980,714 shares during the quarter. LPL Financial LLC owned 9.77% of First Trust NASDAQ Rising Dividend Achievers worth $1,260,104,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. MBE Wealth Management LLC lifted its stake in First Trust NASDAQ Rising Dividend Achievers by 4.2% during the fourth quarter. MBE Wealth Management LLC now owns 4,057 shares of the company's stock worth $240,000 after purchasing an additional 163 shares during the last quarter. Trueblood Wealth Management LLC lifted its position in First Trust NASDAQ Rising Dividend Achievers by 1.4% in the 4th quarter. Trueblood Wealth Management LLC now owns 12,233 shares of the company's stock worth $723,000 after buying an additional 167 shares during the last quarter. Pacific Sun Financial Corp lifted its position in First Trust NASDAQ Rising Dividend Achievers by 2.9% in the 4th quarter. Pacific Sun Financial Corp now owns 6,090 shares of the company's stock worth $360,000 after buying an additional 170 shares during the last quarter. Crewe Advisors LLC boosted its stake in First Trust NASDAQ Rising Dividend Achievers by 12.5% in the third quarter. Crewe Advisors LLC now owns 1,635 shares of the company's stock worth $97,000 after buying an additional 182 shares in the last quarter. Finally, Wealth Effects LLC grew its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 0.6% during the 4th quarter. Wealth Effects LLC now owns 34,830 shares of the company's stock valued at $2,060,000 after purchasing an additional 200 shares during the last quarter.

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First Trust NASDAQ Rising Dividend Achievers Trading Down 0.7 %

Shares of NASDAQ:RDVY traded down $0.43 on Thursday, reaching $59.23. 842,874 shares of the company traded hands, compared to its average volume of 770,332. The business's 50-day simple moving average is $61.08 and its 200 day simple moving average is $60.63. The stock has a market capitalization of $12.92 billion, a P/E ratio of 14.78 and a beta of 1.15. First Trust NASDAQ Rising Dividend Achievers has a 52 week low of $52.78 and a 52 week high of $64.63.

First Trust NASDAQ Rising Dividend Achievers Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 27th will be issued a $0.2544 dividend. This is a boost from First Trust NASDAQ Rising Dividend Achievers's previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $1.02 annualized dividend and a dividend yield of 1.72%.

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.