Arkadios Wealth Advisors Has $5.74 Million Stock Holdings in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Arkadios Wealth Advisors raised its stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY - Free Report) by 35.9% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 96,911 shares of the company's stock after buying an additional 25,599 shares during the period. Arkadios Wealth Advisors' holdings in First Trust NASDAQ Rising Dividend Achievers were worth $5,738,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of RDVY. BNP Paribas Financial Markets increased its position in shares of First Trust NASDAQ Rising Dividend Achievers by 24,700.0% in the first quarter. BNP Paribas Financial Markets now owns 496 shares of the company's stock worth $28,000 after acquiring an additional 494 shares in the last quarter. Headlands Technologies LLC acquired a new position in First Trust NASDAQ Rising Dividend Achievers in the 2nd quarter worth approximately $29,000. Kings Path Partners LLC purchased a new position in First Trust NASDAQ Rising Dividend Achievers during the 2nd quarter worth approximately $31,000. Russell Investments Group Ltd. acquired a new stake in First Trust NASDAQ Rising Dividend Achievers during the 1st quarter valued at $34,000. Finally, Rothschild Investment LLC purchased a new stake in shares of First Trust NASDAQ Rising Dividend Achievers in the second quarter valued at $34,000.

First Trust NASDAQ Rising Dividend Achievers Stock Down 0.5 %

Shares of First Trust NASDAQ Rising Dividend Achievers stock traded down $0.29 during midday trading on Friday, hitting $59.20. The company's stock had a trading volume of 573,792 shares, compared to its average volume of 718,550. The firm has a market capitalization of $12.16 billion, a P/E ratio of 10.08 and a beta of 1.15. First Trust NASDAQ Rising Dividend Achievers has a 1-year low of $43.30 and a 1-year high of $60.94. The stock has a 50-day simple moving average of $58.48 and a 200-day simple moving average of $56.31.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were issued a $0.1912 dividend. 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 1.29%.

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.