First Heartland Consultants Inc. Has $20.10 Million Stock Position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

First Heartland Consultants Inc. grew its stake in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 71.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 339,475 shares of the company’s stock after buying an additional 141,978 shares during the period. First Trust NASDAQ Rising Dividend Achievers accounts for about 2.2% of First Heartland Consultants Inc.’s investment portfolio, making the stock its 7th largest position. First Heartland Consultants Inc. owned about 0.16% of First Trust NASDAQ Rising Dividend Achievers worth $20,100,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of RDVY. BNP Paribas Financial Markets increased its stake in First Trust NASDAQ Rising Dividend Achievers by 24,700.0% in the first quarter. BNP Paribas Financial Markets now owns 496 shares of the company’s stock worth $28,000 after purchasing an additional 494 shares during the period. Headlands Technologies LLC bought a new stake in shares of First Trust NASDAQ Rising Dividend Achievers during the second quarter valued at approximately $29,000. Kings Path Partners LLC purchased a new stake in shares of First Trust NASDAQ Rising Dividend Achievers in the second quarter valued at approximately $31,000. Russell Investments Group Ltd. bought a new position in First Trust NASDAQ Rising Dividend Achievers in the first quarter worth approximately $34,000. Finally, Rothschild Investment LLC purchased a new position in First Trust NASDAQ Rising Dividend Achievers during the 2nd quarter worth $34,000.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

NASDAQ RDVY traded down $0.26 on Tuesday, reaching $63.24. 103,551 shares of the stock traded hands, compared to its average volume of 716,854. First Trust NASDAQ Rising Dividend Achievers has a 12 month low of $45.47 and a 12 month high of $63.72. The company has a fifty day moving average price of $59.13 and a 200-day moving average price of $56.86. The company has a market cap of $13.04 billion, a price-to-earnings ratio of 10.08 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were paid a $0.1912 dividend. The ex-dividend date was Thursday, September 26th. This represents a $0.76 annualized dividend and a yield of 1.21%.

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.