HBW Advisory Services LLC Raises Position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

HBW Advisory Services LLC raised its stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY - Free Report) by 138.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 102,639 shares of the company's stock after purchasing an additional 59,586 shares during the period. First Trust NASDAQ Rising Dividend Achievers makes up approximately 0.9% of HBW Advisory Services LLC's holdings, making the stock its 21st biggest position. HBW Advisory Services LLC owned 0.05% of First Trust NASDAQ Rising Dividend Achievers worth $6,077,000 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 lifted its stake in shares of 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 buying an additional 687,098 shares during the period. Raymond James Financial Services Advisors Inc. lifted its position in shares of First Trust NASDAQ Rising Dividend Achievers by 18.7% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 6,872,756 shares of the company's stock worth $376,283,000 after acquiring an additional 1,084,117 shares during the period. Commonwealth Equity Services LLC lifted its position in shares of First Trust NASDAQ Rising Dividend Achievers by 4.8% in the 2nd quarter. Commonwealth Equity Services LLC now owns 4,634,769 shares of the company's stock worth $253,754,000 after acquiring an additional 210,398 shares during the period. Global Assets Advisory LLC grew its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 5,315.6% during the 1st quarter. Global Assets Advisory LLC now owns 4,216,002 shares of the company's stock worth $236,813,000 after purchasing an additional 4,138,153 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its position in shares of First Trust NASDAQ Rising Dividend Achievers by 5.2% during the second quarter. Envestnet Asset Management Inc. now owns 3,209,445 shares of the company's stock valued at $175,717,000 after purchasing an additional 159,003 shares during the period.

First Trust NASDAQ Rising Dividend Achievers Trading Up 1.2 %

RDVY stock traded up $0.72 during midday trading on Friday, hitting $59.50. The stock had a trading volume of 619,664 shares, compared to its average volume of 730,243. First Trust NASDAQ Rising Dividend Achievers has a 52 week low of $43.30 and a 52 week high of $59.62. The stock has a 50-day simple moving average of $57.30 and a 200 day simple moving average of $55.86. The firm has a market capitalization of $12.14 billion, a price-to-earnings ratio of 10.08 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were issued a dividend of $0.1912 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date was Thursday, September 26th.

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.