Valmark Advisers Inc. Purchases 15,248 Shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Valmark Advisers Inc. boosted its stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY - Free Report) by 5.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 286,091 shares of the company's stock after acquiring an additional 15,248 shares during the period. Valmark Advisers Inc. owned 0.13% of First Trust NASDAQ Rising Dividend Achievers worth $16,919,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in RDVY. Stratos Wealth Partners LTD. boosted its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 6.0% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 416,702 shares of the company's stock valued at $24,673,000 after buying an additional 23,486 shares in the last quarter. Stratos Wealth Advisors LLC raised its position in shares of First Trust NASDAQ Rising Dividend Achievers by 4.3% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 163,765 shares of the company's stock worth $9,697,000 after purchasing an additional 6,723 shares during the last quarter. KMG Fiduciary Partners LLC raised its position in First Trust NASDAQ Rising Dividend Achievers by 402.2% in the 3rd quarter. KMG Fiduciary Partners LLC now owns 130,792 shares of the company's stock worth $7,744,000 after buying an additional 104,750 shares during the last quarter. Commonwealth Equity Services LLC raised its position in First Trust NASDAQ Rising Dividend Achievers by 12.9% in the 3rd quarter. Commonwealth Equity Services LLC now owns 5,230,868 shares of the company's stock worth $309,720,000 after buying an additional 596,099 shares during the last quarter. Finally, Whitaker Myers Wealth Managers LTD. increased its position in shares of First Trust NASDAQ Rising Dividend Achievers by 1.2% during the 3rd quarter. Whitaker Myers Wealth Managers LTD. now owns 25,319 shares of the company's stock valued at $1,499,000 after purchasing an additional 309 shares during the last quarter.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

Shares of NASDAQ RDVY traded down $0.58 during midday trading on Thursday, hitting $62.81. 949,844 shares of the company's stock traded hands, compared to its average volume of 1,004,556. First Trust NASDAQ Rising Dividend Achievers has a 1 year low of $51.52 and a 1 year high of $64.63. The stock has a market capitalization of $13.70 billion, a price-to-earnings ratio of 10.08 and a beta of 1.15. The firm has a fifty 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 disclosed 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.

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.