62,554 Shares in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) Purchased by Proactive Wealth Strategies LLC

Proactive Wealth Strategies LLC purchased a new stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 62,554 shares of the company’s stock, valued at approximately $3,704,000. First Trust NASDAQ Rising Dividend Achievers makes up about 2.1% of Proactive Wealth Strategies LLC’s portfolio, making the stock its 10th largest holding.

Other large investors have also recently modified their holdings of the company. International Assets Investment Management LLC increased its stake in First Trust NASDAQ Rising Dividend Achievers by 5,796.9% in the third quarter. International Assets Investment Management LLC now owns 6,803,294 shares of the company’s stock valued at $402,823,000 after acquiring an additional 6,687,924 shares during the last quarter. Cetera Investment Advisers increased its position in shares of First Trust NASDAQ Rising Dividend Achievers by 178.5% during the 1st quarter. Cetera Investment Advisers now owns 2,264,096 shares of the company’s stock valued at $127,174,000 after purchasing an additional 1,451,045 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 18.7% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 6,872,756 shares of the company’s stock valued at $376,283,000 after buying an additional 1,084,117 shares in the last quarter. LPL Financial LLC lifted its position in First Trust NASDAQ Rising Dividend Achievers by 3.7% in the 2nd quarter. LPL Financial LLC now owns 19,372,722 shares of the company’s stock worth $1,060,656,000 after buying an additional 687,098 shares during the last quarter. Finally, Commonwealth Equity Services LLC boosted its stake in First Trust NASDAQ Rising Dividend Achievers by 12.9% in the third 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 in the last quarter.

First Trust NASDAQ Rising Dividend Achievers Price Performance

Shares of NASDAQ RDVY opened at $63.50 on Tuesday. The stock has a market capitalization of $13.09 billion, a P/E ratio of 10.08 and a beta of 1.15. First Trust NASDAQ Rising Dividend Achievers has a one year low of $45.47 and a one year high of $63.72. The firm’s 50 day simple moving average is $59.13 and its two-hundred day simple moving average is $56.86.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were issued a dividend of $0.1912 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.20%. The ex-dividend date was Thursday, September 26th.

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.