Global Retirement Partners LLC Increases Stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Global Retirement Partners LLC grew its stake in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY - Free Report) by 21.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 119,189 shares of the company's stock after buying an additional 21,295 shares during the period. Global Retirement Partners LLC owned approximately 0.06% of First Trust NASDAQ Rising Dividend Achievers worth $7,057,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Quad Cities Investment Group LLC raised its stake in First Trust NASDAQ Rising Dividend Achievers by 11.5% during the 3rd quarter. Quad Cities Investment Group LLC now owns 22,555 shares of the company's stock worth $1,335,000 after buying an additional 2,321 shares during the period. Good Life Advisors LLC increased its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 2.8% in the third quarter. Good Life Advisors LLC now owns 280,718 shares of the company's stock worth $16,621,000 after acquiring an additional 7,762 shares in the last quarter. HFG Advisors Inc. raised its position in shares of First Trust NASDAQ Rising Dividend Achievers by 7.0% during the third quarter. HFG Advisors Inc. now owns 101,709 shares of the company's stock worth $6,022,000 after purchasing an additional 6,636 shares during the period. Naviter Wealth LLC lifted its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 29.4% during the 3rd quarter. Naviter Wealth LLC now owns 168,192 shares of the company's stock valued at $9,959,000 after purchasing an additional 38,232 shares in the last quarter. Finally, Cornerstone Wealth Management LLC grew its position in shares of First Trust NASDAQ Rising Dividend Achievers by 5.5% in the 3rd quarter. Cornerstone Wealth Management LLC now owns 91,201 shares of the company's stock valued at $5,400,000 after purchasing an additional 4,762 shares during the period.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

RDVY stock traded up $0.31 during mid-day trading on Thursday, hitting $60.79. 741,115 shares of the company were exchanged, compared to its average volume of 723,761. First Trust NASDAQ Rising Dividend Achievers has a 1-year low of $43.30 and a 1-year high of $60.90. The firm's 50 day simple moving average is $57.90 and its 200 day simple moving average is $56.09. The firm has a market cap of $12.46 billion, a P/E ratio of 10.08 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

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