First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) Shares Acquired by DAVENPORT & Co LLC

DAVENPORT & Co LLC lifted its stake in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 94.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 98,619 shares of the company’s stock after buying an additional 48,006 shares during the period. DAVENPORT & Co LLC’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $5,832,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. LPL Financial LLC lifted its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 4.9% during the third quarter. LPL Financial LLC now owns 20,326,430 shares of the company’s stock worth $1,203,528,000 after buying an additional 953,708 shares during the period. International Assets Investment Management LLC raised its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 5,796.9% during the third quarter. International Assets Investment Management LLC now owns 6,803,294 shares of the company’s stock worth $402,823,000 after purchasing an additional 6,687,924 shares during the last quarter. Commonwealth Equity Services LLC raised its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 12.9% during 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 during the last quarter. Stifel Financial Corp raised its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 2.2% during the third quarter. Stifel Financial Corp now owns 1,675,769 shares of the company’s stock worth $99,224,000 after purchasing an additional 35,479 shares during the last quarter. Finally, Private Advisor Group LLC raised its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 1.8% during the third quarter. Private Advisor Group LLC now owns 1,639,849 shares of the company’s stock worth $97,095,000 after purchasing an additional 28,765 shares during the last quarter.

First Trust NASDAQ Rising Dividend Achievers Price Performance

Shares of First Trust NASDAQ Rising Dividend Achievers stock opened at $62.20 on Tuesday. The firm has a fifty day moving average price of $61.48 and a 200 day moving average price of $59.63. First Trust NASDAQ Rising Dividend Achievers has a 1 year low of $50.24 and a 1 year high of $64.63. The stock has a market cap of $13.55 billion, a PE ratio of 10.08 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were issued a $0.2956 dividend. The ex-dividend date of this dividend was Friday, December 13th.

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.