Commonwealth Equity Services LLC Has $309.72 Million Stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Commonwealth Equity Services LLC grew its position in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY - Free Report) by 12.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,230,868 shares of the company's stock after buying an additional 596,099 shares during the period. Commonwealth Equity Services LLC owned about 2.55% of First Trust NASDAQ Rising Dividend Achievers worth $309,720,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in RDVY. Consolidated Portfolio Review Corp grew its position in shares of First Trust NASDAQ Rising Dividend Achievers by 7.9% during the 2nd quarter. Consolidated Portfolio Review Corp now owns 118,045 shares of the company's stock valued at $6,463,000 after buying an additional 8,618 shares during the last quarter. tru Independence LLC raised its position in shares of First Trust NASDAQ Rising Dividend Achievers by 19.6% during the 1st quarter. tru Independence LLC now owns 130,761 shares of the company's stock worth $7,345,000 after purchasing an additional 21,436 shares during the period. Blair William & Co. IL raised its position in shares of First Trust NASDAQ Rising Dividend Achievers by 9.3% during the 1st quarter. Blair William & Co. IL now owns 351,981 shares of the company's stock worth $19,771,000 after purchasing an additional 30,086 shares during the period. Williams Financial LLC bought a new stake in shares of First Trust NASDAQ Rising Dividend Achievers in the 2nd quarter worth approximately $765,000. Finally, Atria Investments Inc boosted its position in First Trust NASDAQ Rising Dividend Achievers by 28.0% during the 1st quarter. Atria Investments Inc now owns 97,657 shares of the company's stock valued at $5,485,000 after purchasing an additional 21,379 shares during the period.

First Trust NASDAQ Rising Dividend Achievers Trading Down 0.4 %

RDVY traded down $0.22 during trading on Friday, reaching $60.57. 537,382 shares of the company were exchanged, compared to its average volume of 722,838. First Trust NASDAQ Rising Dividend Achievers has a 52 week low of $43.30 and a 52 week high of $60.94. The firm has a 50 day moving average of $58.12 and a 200 day moving average of $56.16. The stock 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 company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were given a dividend of $0.1912 per share. The ex-dividend date was Thursday, September 26th. This represents a $0.76 annualized dividend and a dividend 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.