Raymond James Financial Inc. acquired a new stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 10,031,147 shares of the company's stock, valued at approximately $593,242,000. Raymond James Financial Inc. owned approximately 4.60% of First Trust NASDAQ Rising Dividend Achievers at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. LPL Financial LLC lifted its holdings in First Trust NASDAQ Rising Dividend Achievers by 4.9% during the 3rd quarter. LPL Financial LLC now owns 20,326,430 shares of the company's stock worth $1,203,528,000 after buying an additional 953,708 shares in the last quarter. Private Advisor Group LLC increased its position in shares of First Trust NASDAQ Rising Dividend Achievers by 11.9% during the fourth quarter. Private Advisor Group LLC now owns 1,835,062 shares of the company's stock worth $108,526,000 after acquiring an additional 195,213 shares during the period. Stifel Financial Corp raised its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 2.2% in the third quarter. Stifel Financial Corp now owns 1,675,769 shares of the company's stock valued at $99,224,000 after acquiring an additional 35,479 shares in the last quarter. HighTower Advisors LLC boosted its holdings in First Trust NASDAQ Rising Dividend Achievers by 47.3% in the third quarter. HighTower Advisors LLC now owns 1,267,282 shares of the company's stock valued at $75,007,000 after purchasing an additional 406,747 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in First Trust NASDAQ Rising Dividend Achievers by 135.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,128,835 shares of the company's stock worth $66,838,000 after purchasing an additional 650,194 shares in the last quarter.
First Trust NASDAQ Rising Dividend Achievers Stock Up 1.0 %
NASDAQ RDVY traded up $0.60 during trading hours on Friday, hitting $59.86. 919,278 shares of the company were exchanged, compared to its average volume of 746,313. The firm has a market cap of $13.06 billion, a price-to-earnings ratio of 14.00 and a beta of 1.15. The company has a 50 day moving average of $61.38 and a two-hundred day moving average of $60.54. First Trust NASDAQ Rising Dividend Achievers has a 52-week low of $52.78 and a 52-week high of $64.63.
First Trust NASDAQ Rising Dividend Achievers Cuts Dividend
The company also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were paid a dividend of $0.2956 per share. The ex-dividend date of this dividend was Friday, December 13th.
About First Trust NASDAQ Rising Dividend Achievers
(
Free Report)
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.
Further Reading
Before you consider First Trust NASDAQ Rising Dividend Achievers, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and First Trust NASDAQ Rising Dividend Achievers wasn't on the list.
While First Trust NASDAQ Rising Dividend Achievers currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
