First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) is Braun Bostich & Associates Inc.'s 10th Largest Position

Braun Bostich & Associates Inc. grew its holdings in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY - Free Report) by 24.5% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 63,788 shares of the company's stock after buying an additional 12,559 shares during the quarter. First Trust NASDAQ Rising Dividend Achievers accounts for approximately 2.6% of Braun Bostich & Associates Inc.'s holdings, making the stock its 10th biggest holding. Braun Bostich & Associates Inc.'s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $3,777,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fisher Asset Management LLC acquired a new stake in shares of First Trust NASDAQ Rising Dividend Achievers in the 4th quarter valued at $274,000. B. Riley Wealth Advisors Inc. boosted its position in First Trust NASDAQ Rising Dividend Achievers by 4.0% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 45,248 shares of the company's stock valued at $2,338,000 after buying an additional 1,726 shares in the last quarter. Lynch & Associates IN grew its stake in First Trust NASDAQ Rising Dividend Achievers by 36.0% during the first quarter. Lynch & Associates IN now owns 7,485 shares of the company's stock worth $420,000 after buying an additional 1,981 shares during the last quarter. Signal Advisors Wealth LLC bought a new stake in First Trust NASDAQ Rising Dividend Achievers during the first quarter worth about $709,000. Finally, Weitzel Financial Services Inc. increased its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 2.9% during the first quarter. Weitzel Financial Services Inc. now owns 148,562 shares of the company's stock worth $8,309,000 after buying an additional 4,139 shares in the last quarter.

First Trust NASDAQ Rising Dividend Achievers Stock Up 0.9 %

RDVY traded up $0.56 during trading on Wednesday, hitting $60.48. The company's stock had a trading volume of 748,413 shares, compared to its average volume of 723,673. The firm's 50 day moving average price is $57.77 and its two-hundred day moving average price is $56.06. The stock has a market capitalization of $12.38 billion, a price-to-earnings 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 $60.90.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

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

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.