Stifel Financial Corp Purchases 35,479 Shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Stifel Financial Corp lifted its position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY - Free Report) by 2.2% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,675,769 shares of the company's stock after buying an additional 35,479 shares during the period. Stifel Financial Corp owned about 0.81% of First Trust NASDAQ Rising Dividend Achievers worth $99,224,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in RDVY. Mather Group LLC. increased its position in shares of First Trust NASDAQ Rising Dividend Achievers by 208.8% in the 2nd quarter. Mather Group LLC. now owns 1,439 shares of the company's stock valued at $81,000 after buying an additional 973 shares in the last quarter. Kingswood Wealth Advisors LLC increased its position in shares of First Trust NASDAQ Rising Dividend Achievers by 3.5% in the 2nd quarter. Kingswood Wealth Advisors LLC now owns 5,573 shares of the company's stock valued at $305,000 after buying an additional 186 shares in the last quarter. Park Avenue Securities LLC increased its position in shares of First Trust NASDAQ Rising Dividend Achievers by 9.0% in the 2nd quarter. Park Avenue Securities LLC now owns 15,202 shares of the company's stock valued at $832,000 after buying an additional 1,250 shares in the last quarter. Simplicity Wealth LLC increased its position in shares of First Trust NASDAQ Rising Dividend Achievers by 9.1% in the 2nd quarter. Simplicity Wealth LLC now owns 19,863 shares of the company's stock valued at $1,087,000 after buying an additional 1,655 shares in the last quarter. Finally, Atlas Private Wealth Advisors increased its position in shares of First Trust NASDAQ Rising Dividend Achievers by 104.2% in the 2nd quarter. Atlas Private Wealth Advisors now owns 18,334 shares of the company's stock valued at $1,004,000 after buying an additional 9,354 shares in the last quarter.

First Trust NASDAQ Rising Dividend Achievers Price Performance

RDVY stock traded down $0.18 during trading hours on Friday, reaching $62.89. 496,521 shares of the stock were exchanged, compared to its average volume of 717,726. The firm's 50-day moving average is $61.23 and its 200-day moving average is $57.94. The company has a market cap of $12.96 billion, a price-to-earnings ratio of 10.08 and a beta of 1.15. First Trust NASDAQ Rising Dividend Achievers has a 12 month low of $48.42 and a 12 month high of $64.63.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were issued a dividend of $0.1912 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date was Thursday, September 26th.

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.