Arvest Investments Inc. Raises Holdings in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Arvest Investments Inc. lifted its holdings in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 12.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,686 shares of the company’s stock after buying an additional 5,671 shares during the quarter. Arvest Investments Inc.’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $3,060,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Tyler Stone Wealth Management grew its position in First Trust NASDAQ Rising Dividend Achievers by 100.7% during the third quarter. Tyler Stone Wealth Management now owns 4,297 shares of the company’s stock worth $254,000 after buying an additional 2,156 shares during the period. Legacy Capital Wealth Partners LLC grew its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 24.8% in the 3rd quarter. Legacy Capital Wealth Partners LLC now owns 242,768 shares of the company’s stock worth $14,019,000 after acquiring an additional 48,261 shares during the period. Axxcess Wealth Management LLC increased its stake in First Trust NASDAQ Rising Dividend Achievers by 22.4% in the 3rd quarter. Axxcess Wealth Management LLC now owns 80,020 shares of the company’s stock valued at $4,738,000 after purchasing an additional 14,662 shares in the last quarter. Mach 1 Financial Group LLC increased its stake in First Trust NASDAQ Rising Dividend Achievers by 8.2% in the 3rd quarter. Mach 1 Financial Group LLC now owns 133,093 shares of the company’s stock valued at $7,874,000 after purchasing an additional 10,036 shares in the last quarter. Finally, GSG Advisors LLC raised its holdings in First Trust NASDAQ Rising Dividend Achievers by 3.1% during the third quarter. GSG Advisors LLC now owns 143,622 shares of the company’s stock worth $8,438,000 after purchasing an additional 4,369 shares during the last quarter.

First Trust NASDAQ Rising Dividend Achievers Price Performance

First Trust NASDAQ Rising Dividend Achievers stock traded up $0.08 during trading hours on Friday, hitting $62.81. The stock had a trading volume of 687,627 shares, compared to its average volume of 719,740. First Trust NASDAQ Rising Dividend Achievers has a 1-year low of $45.15 and a 1-year high of $63.51. The stock has a market capitalization of $12.95 billion, a price-to-earnings ratio of 10.08 and a beta of 1.15. The stock’s fifty day moving average is $59.03 and its two-hundred day moving average is $56.78.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were paid a $0.1912 dividend. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $0.76 dividend on an annualized basis and a yield of 1.22%.

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.