RFG Bristol Wealth Advisors LLC Purchases New Holdings in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

RFG Bristol Wealth Advisors LLC purchased a new position in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 30,183 shares of the company's stock, valued at approximately $1,785,000.

A number of other large investors also recently modified their holdings of RDVY. LPL Financial LLC increased its position in shares of First Trust NASDAQ Rising Dividend Achievers by 4.8% during the 4th quarter. LPL Financial LLC now owns 21,307,144 shares of the company's stock valued at $1,260,104,000 after purchasing an additional 980,714 shares during the period. Raymond James Financial Inc. acquired a new stake in First Trust NASDAQ Rising Dividend Achievers during the fourth quarter valued at approximately $593,242,000. Commonwealth Equity Services LLC boosted its holdings in First Trust NASDAQ Rising Dividend Achievers by 7.8% during the fourth quarter. Commonwealth Equity Services LLC now owns 5,640,003 shares of the company's stock worth $333,550,000 after buying an additional 409,135 shares in the last quarter. Kestra Advisory Services LLC grew its position in First Trust NASDAQ Rising Dividend Achievers by 1.8% in the fourth quarter. Kestra Advisory Services LLC now owns 2,572,894 shares of the company's stock worth $152,161,000 after buying an additional 46,729 shares during the last quarter. Finally, Private Advisor Group LLC increased its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 11.9% in the fourth quarter. Private Advisor Group LLC now owns 1,835,062 shares of the company's stock valued at $108,526,000 after buying an additional 195,213 shares in the last quarter.

First Trust NASDAQ Rising Dividend Achievers Trading Down 5.7 %

Shares of NASDAQ RDVY traded down $3.17 during mid-day trading on Friday, reaching $52.72. The company had a trading volume of 2,489,464 shares, compared to its average volume of 789,088. The company has a 50-day moving average price of $60.44 and a two-hundred day moving average price of $60.67. The stock has a market cap of $12.04 billion, a PE ratio of 14.89 and a beta of 1.15. First Trust NASDAQ Rising Dividend Achievers has a 1-year low of $52.59 and a 1-year high of $64.63.

First Trust NASDAQ Rising Dividend Achievers Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were paid a $0.2544 dividend. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $1.02 dividend on an annualized basis and a yield of 1.93%. This is a boost from First Trust NASDAQ Rising Dividend Achievers's previous quarterly dividend of $0.19.

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.