Schrum Private Wealth Management LLC Takes $265,000 Position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Schrum Private Wealth Management LLC bought a new position in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) during the third quarter, HoldingsChannel.com reports. The institutional investor bought 4,476 shares of the company’s stock, valued at approximately $265,000.

Several other institutional investors have also modified their holdings of the business. International Assets Investment Management LLC grew its holdings in First Trust NASDAQ Rising Dividend Achievers by 5,796.9% during the 3rd quarter. International Assets Investment Management LLC now owns 6,803,294 shares of the company’s stock worth $402,823,000 after acquiring an additional 6,687,924 shares in the last quarter. Cetera Investment Advisers raised its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 178.5% in 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 in the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in shares of 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 last quarter. LPL Financial LLC grew its stake in First Trust NASDAQ Rising Dividend Achievers by 3.7% in the second quarter. LPL Financial LLC now owns 19,372,722 shares of the company’s stock worth $1,060,656,000 after purchasing an additional 687,098 shares in the last quarter. Finally, Commonwealth Equity Services LLC grew 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 purchasing an additional 596,099 shares in the last quarter.

First Trust NASDAQ Rising Dividend Achievers Stock Down 0.5 %

Shares of NASDAQ RDVY opened at $62.71 on Thursday. The stock’s 50 day moving average price is $59.24 and its two-hundred day moving average price is $56.92. First Trust NASDAQ Rising Dividend Achievers has a 52-week low of $46.36 and a 52-week high of $63.72. The stock has a market capitalization of $12.93 billion, a P/E ratio of 10.08 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were given a dividend of $0.1912 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.22%. 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.