Bay Colony Advisory Group Inc d b a Bay Colony Advisors Has $3.42 Million Stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY - Free Report) by 89.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 57,786 shares of the company's stock after buying an additional 27,329 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors' holdings in First Trust NASDAQ Rising Dividend Achievers were worth $3,421,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets lifted its position in shares of First Trust NASDAQ Rising Dividend Achievers by 24,700.0% during the first quarter. BNP Paribas Financial Markets now owns 496 shares of the company's stock worth $28,000 after purchasing an additional 494 shares in the last quarter. Headlands Technologies LLC acquired a new position in shares of First Trust NASDAQ Rising Dividend Achievers during the second quarter worth approximately $29,000. Kings Path Partners LLC acquired a new position in shares of First Trust NASDAQ Rising Dividend Achievers during the second quarter worth approximately $31,000. Russell Investments Group Ltd. acquired a new position in shares of First Trust NASDAQ Rising Dividend Achievers during the first quarter worth approximately $34,000. Finally, Rothschild Investment LLC acquired a new position in shares of First Trust NASDAQ Rising Dividend Achievers during the second quarter worth approximately $34,000.

First Trust NASDAQ Rising Dividend Achievers Price Performance

Shares of RDVY stock traded up $0.70 during trading hours on Monday, reaching $59.90. 633,189 shares of the company were exchanged, compared to its average volume of 718,139. First Trust NASDAQ Rising Dividend Achievers has a fifty-two week low of $43.45 and a fifty-two week high of $60.94. The stock's fifty day moving average is $58.48 and its two-hundred day moving average is $56.32. The company has a market cap of $12.30 billion, a price-to-earnings ratio of 10.08 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors 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 annualized dividend and a yield of 1.28%.

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.