Cetera Investment Advisers Grows Stock Position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Cetera Investment Advisers grew its stake in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY - Free Report) by 10.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,496,225 shares of the company's stock after buying an additional 232,129 shares during the period. Cetera Investment Advisers owned approximately 1.25% of First Trust NASDAQ Rising Dividend Achievers worth $136,668,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. LPL Financial LLC grew its stake in First Trust NASDAQ Rising Dividend Achievers by 3.7% in the second quarter. LPL Financial LLC now owns 19,372,722 shares of the company's stock valued at $1,060,656,000 after purchasing an additional 687,098 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 18.7% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 6,872,756 shares of the company's stock valued at $376,283,000 after buying an additional 1,084,117 shares during the period. Commonwealth Equity Services LLC increased its position in shares of First Trust NASDAQ Rising Dividend Achievers by 4.8% in the second quarter. Commonwealth Equity Services LLC now owns 4,634,769 shares of the company's stock worth $253,754,000 after purchasing an additional 210,398 shares during the period. Global Assets Advisory LLC increased its holdings in First Trust NASDAQ Rising Dividend Achievers by 5,315.6% in the 1st quarter. Global Assets Advisory LLC now owns 4,216,002 shares of the company's stock valued at $236,813,000 after buying an additional 4,138,153 shares during the period. Finally, Envestnet Asset Management Inc. increased its stake in First Trust NASDAQ Rising Dividend Achievers by 5.2% in the second quarter. Envestnet Asset Management Inc. now owns 3,209,445 shares of the company's stock valued at $175,717,000 after acquiring an additional 159,003 shares during the last quarter.

First Trust NASDAQ Rising Dividend Achievers Price Performance

Shares of RDVY stock traded down $0.46 on Tuesday, hitting $58.75. 919,636 shares of the company's stock were exchanged, compared to its average volume of 731,387. The stock has a market cap of $11.69 billion, a P/E ratio of 10.08 and a beta of 1.15. First Trust NASDAQ Rising Dividend Achievers has a 12 month low of $43.30 and a 12 month high of $59.38. The company has a 50 day moving average of $57.16 and a 200 day moving average of $55.75.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were paid a $0.1912 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date of this dividend was Thursday, September 26th.

About First Trust NASDAQ Rising Dividend Achievers

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.