Silver Oak Securities Incorporated Increases Stock Position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Silver Oak Securities Incorporated boosted its position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY - Free Report) by 6.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 204,727 shares of the company's stock after buying an additional 11,843 shares during the quarter. First Trust NASDAQ Rising Dividend Achievers makes up approximately 1.3% of Silver Oak Securities Incorporated's portfolio, making the stock its 12th biggest position. Silver Oak Securities Incorporated owned about 0.10% of First Trust NASDAQ Rising Dividend Achievers worth $12,069,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Consolidated Portfolio Review Corp increased its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 7.9% during the second quarter. Consolidated Portfolio Review Corp now owns 118,045 shares of the company's stock valued at $6,463,000 after purchasing an additional 8,618 shares in the last quarter. tru Independence LLC lifted its stake 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 valued at $7,345,000 after buying an additional 21,436 shares in the last quarter. Blair William & Co. IL raised its stake in 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 valued at $19,771,000 after purchasing an additional 30,086 shares during the period. Williams Financial LLC purchased a new position in First Trust NASDAQ Rising Dividend Achievers during the second quarter valued at $765,000. Finally, Atria Investments Inc lifted its position in shares of First Trust NASDAQ Rising Dividend Achievers by 28.0% in the first quarter. Atria Investments Inc now owns 97,657 shares of the company's stock worth $5,485,000 after buying an additional 21,379 shares in the last quarter.

First Trust NASDAQ Rising Dividend Achievers Stock Down 0.5 %

NASDAQ RDVY traded down $0.29 during trading hours on Friday, hitting $59.20. 573,792 shares of the company were exchanged, compared to its average volume of 718,550. The stock has a market cap of $12.16 billion, a PE ratio of 10.08 and a beta of 1.15. The stock has a 50-day moving average price of $58.43 and a 200 day moving average price of $56.28. First Trust NASDAQ Rising Dividend Achievers has a 52 week low of $43.30 and a 52 week high of $60.94.

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. 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.

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.