Independent Advisor Alliance Makes New $15.45 Million Investment in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Independent Advisor Alliance purchased a new position in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) in the 4th quarter, Holdings Channel reports. The firm purchased 261,177 shares of the company’s stock, valued at approximately $15,446,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new stake in shares of First Trust NASDAQ Rising Dividend Achievers during the 4th quarter worth approximately $593,242,000. LPL Financial LLC raised its position in First Trust NASDAQ Rising Dividend Achievers by 4.9% in the 3rd quarter. LPL Financial LLC now owns 20,326,430 shares of the company’s stock valued at $1,203,528,000 after purchasing an additional 953,708 shares during the last quarter. JPMorgan Chase & Co. raised its position in First Trust NASDAQ Rising Dividend Achievers by 135.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,128,835 shares of the company’s stock valued at $66,838,000 after purchasing an additional 650,194 shares during the last quarter. HighTower Advisors LLC raised its position in First Trust NASDAQ Rising Dividend Achievers by 47.3% in the 3rd quarter. HighTower Advisors LLC now owns 1,267,282 shares of the company’s stock valued at $75,007,000 after purchasing an additional 406,747 shares during the last quarter. Finally, SRS Capital Advisors Inc. raised its position in First Trust NASDAQ Rising Dividend Achievers by 128.3% during the 4th quarter. SRS Capital Advisors Inc. now owns 708,953 shares of the company’s stock worth $41,928,000 after buying an additional 398,469 shares during the last quarter.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

Shares of First Trust NASDAQ Rising Dividend Achievers stock opened at $59.86 on Monday. The company has a market cap of $13.06 billion, a P/E ratio of 14.00 and a beta of 1.15. First Trust NASDAQ Rising Dividend Achievers has a one year low of $52.78 and a one year high of $64.63. The firm has a fifty day moving average of $61.38 and a two-hundred day moving average of $60.56.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders 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.