First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) is Traction Financial Partners LLC's 3rd Largest Position

Traction Financial Partners LLC increased its position in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY - Free Report) by 4.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 212,998 shares of the company's stock after purchasing an additional 8,364 shares during the period. First Trust NASDAQ Rising Dividend Achievers makes up approximately 9.8% of Traction Financial Partners LLC's portfolio, making the stock its 3rd largest position. Traction Financial Partners LLC owned about 0.10% of First Trust NASDAQ Rising Dividend Achievers worth $12,597,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in RDVY. International Assets Investment Management LLC raised its holdings in First Trust NASDAQ Rising Dividend Achievers by 5,796.9% during the third quarter. International Assets Investment Management LLC now owns 6,803,294 shares of the company's stock worth $402,823,000 after purchasing an additional 6,687,924 shares in the last quarter. LPL Financial LLC raised its holdings in First Trust NASDAQ Rising Dividend Achievers by 4.9% during the third quarter. LPL Financial LLC now owns 20,326,430 shares of the company's stock worth $1,203,528,000 after purchasing an additional 953,708 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in First Trust NASDAQ Rising Dividend Achievers by 135.8% during the third 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. HighTower Advisors LLC raised its holdings in First Trust NASDAQ Rising Dividend Achievers by 47.3% during the third quarter. HighTower Advisors LLC now owns 1,267,282 shares of the company's stock worth $75,007,000 after purchasing an additional 406,747 shares in the last quarter. Finally, Benjamin Edwards Inc. raised its holdings in First Trust NASDAQ Rising Dividend Achievers by 5,198.7% during the third quarter. Benjamin Edwards Inc. now owns 336,786 shares of the company's stock worth $19,947,000 after purchasing an additional 330,430 shares in the last quarter.

First Trust NASDAQ Rising Dividend Achievers Stock Down 2.5 %

NASDAQ RDVY traded down $1.56 during trading hours on Friday, hitting $61.25. 711,388 shares of the stock were exchanged, compared to its average volume of 995,932. The company 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 has a 12-month low of $51.90 and a 12-month high of $64.63. The stock has a 50-day moving average of $61.24 and a 200 day moving average of $60.12.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were issued 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.