PFG Advisors Purchases 5,230 Shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

PFG Advisors boosted its holdings in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 2.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 187,487 shares of the company’s stock after acquiring an additional 5,230 shares during the quarter. First Trust NASDAQ Rising Dividend Achievers makes up approximately 0.7% of PFG Advisors’ portfolio, making the stock its 28th largest holding. PFG Advisors owned 0.09% of First Trust NASDAQ Rising Dividend Achievers worth $11,101,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in RDVY. LPL Financial LLC boosted its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 3.7% during the 2nd quarter. LPL Financial LLC now owns 19,372,722 shares of the company’s stock worth $1,060,656,000 after acquiring an additional 687,098 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in First Trust NASDAQ Rising Dividend Achievers by 18.7% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 6,872,756 shares of the company’s stock worth $376,283,000 after purchasing an additional 1,084,117 shares during the period. Commonwealth Equity Services LLC boosted its position in First Trust NASDAQ Rising Dividend Achievers by 4.8% during the second quarter. Commonwealth Equity Services LLC now owns 4,634,769 shares of the company’s stock worth $253,754,000 after purchasing an additional 210,398 shares during the period. Global Assets Advisory LLC grew its holdings in First Trust NASDAQ Rising Dividend Achievers by 5,315.6% during the first quarter. Global Assets Advisory LLC now owns 4,216,002 shares of the company’s stock valued at $236,813,000 after purchasing an additional 4,138,153 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its position in shares of First Trust NASDAQ Rising Dividend Achievers by 5.2% in the second quarter. Envestnet Asset Management Inc. now owns 3,209,445 shares of the company’s stock valued at $175,717,000 after purchasing an additional 159,003 shares during the period.

First Trust NASDAQ Rising Dividend Achievers Trading Down 1.2 %

NASDAQ RDVY opened at $59.92 on Wednesday. First Trust NASDAQ Rising Dividend Achievers has a 1 year low of $43.30 and a 1 year high of $60.90. The company has a fifty day simple moving average of $57.77 and a 200 day simple moving average of $56.06. The company has a market cap of $12.26 billion, a P/E ratio of 10.08 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were given a $0.1912 dividend. This represents a $0.76 annualized dividend and a dividend yield of 1.28%. The ex-dividend date was Thursday, September 26th.

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.