Private Advisor Group LLC Acquires 195,213 Shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Private Advisor Group LLC lifted its stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY - Free Report) by 11.9% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,835,062 shares of the company's stock after buying an additional 195,213 shares during the quarter. First Trust NASDAQ Rising Dividend Achievers makes up about 0.6% of Private Advisor Group LLC's investment portfolio, making the stock its 27th largest position. Private Advisor Group LLC owned about 0.84% of First Trust NASDAQ Rising Dividend Achievers worth $108,526,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of RDVY. Sugarloaf Wealth Management LLC purchased a new position in shares of First Trust NASDAQ Rising Dividend Achievers in the fourth quarter worth $40,000. Sound Income Strategies LLC bought a new stake in First Trust NASDAQ Rising Dividend Achievers in the fourth quarter worth $40,000. Eastern Bank bought a new stake in First Trust NASDAQ Rising Dividend Achievers in the fourth quarter worth $57,000. Blue Trust Inc. increased its position in First Trust NASDAQ Rising Dividend Achievers by 2,807.1% in the fourth quarter. Blue Trust Inc. now owns 1,221 shares of the company's stock worth $72,000 after purchasing an additional 1,179 shares during the last quarter. Finally, Crewe Advisors LLC increased its position in First Trust NASDAQ Rising Dividend Achievers by 12.5% in the third quarter. Crewe Advisors LLC now owns 1,635 shares of the company's stock worth $97,000 after purchasing an additional 182 shares during the last quarter.

First Trust NASDAQ Rising Dividend Achievers Trading Down 2.5 %

RDVY traded down $1.56 during trading hours on Friday, hitting $61.25. The company's stock had a trading volume of 711,388 shares, compared to its average volume of 995,932. The business's 50-day moving average price is $61.24 and its 200-day moving average price is $60.17. First Trust NASDAQ Rising Dividend Achievers has a 12 month low of $51.90 and a 12 month high of $64.63. The stock has a market cap of $13.65 billion, a price-to-earnings ratio of 14.00 and a beta of 1.13.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were given a $0.2956 dividend. The ex-dividend date was Friday, December 13th.

First Trust NASDAQ Rising Dividend Achievers Company 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.