ORG Partners LLC Raises Position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

ORG Partners LLC increased its stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY - Free Report) by 18,589.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 56,254 shares of the company's stock after purchasing an additional 55,953 shares during the period. ORG Partners LLC's holdings in First Trust NASDAQ Rising Dividend Achievers were worth $3,331,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. LPL Financial LLC boosted its stake in First Trust NASDAQ Rising Dividend Achievers by 3.7% in the 2nd quarter. LPL Financial LLC now owns 19,372,722 shares of the company's stock worth $1,060,656,000 after purchasing an additional 687,098 shares during the period. Raymond James Financial Services Advisors Inc. lifted its position in First Trust NASDAQ Rising Dividend Achievers by 18.7% during 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 buying an additional 1,084,117 shares in the last quarter. Commonwealth Equity Services LLC lifted its position in First Trust NASDAQ Rising Dividend Achievers by 4.8% during the 2nd quarter. Commonwealth Equity Services LLC now owns 4,634,769 shares of the company's stock worth $253,754,000 after buying an additional 210,398 shares in the last quarter. Global Assets Advisory LLC lifted its position in 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 buying an additional 4,138,153 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in First Trust NASDAQ Rising Dividend Achievers by 5.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 3,209,445 shares of the company's stock worth $175,717,000 after buying an additional 159,003 shares in the last quarter.

First Trust NASDAQ Rising Dividend Achievers Price Performance

NASDAQ:RDVY traded up $0.51 on Monday, hitting $60.62. 567,255 shares of the company's stock were exchanged, compared to its average volume of 724,514. The firm has a 50-day moving average price of $57.52 and a 200-day moving average price of $56.00. First Trust NASDAQ Rising Dividend Achievers has a 52 week low of $43.30 and a 52 week high of $60.67. The company has a market cap of $12.41 billion, a P/E ratio of 10.08 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were given a dividend of $0.1912 per share. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $0.76 annualized dividend and a yield of 1.26%.

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.