Level Four Advisory Services LLC Has $2.51 Million Position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Level Four Advisory Services LLC decreased its position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 8.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 42,517 shares of the company’s stock after selling 3,928 shares during the period. Level Four Advisory Services LLC’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $2,514,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new position in shares of First Trust NASDAQ Rising Dividend Achievers in the 4th quarter worth $593,242,000. LPL Financial LLC raised its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 4.8% in the 4th quarter. LPL Financial LLC now owns 21,307,144 shares of the company’s stock worth $1,260,104,000 after purchasing an additional 980,714 shares during the period. JPMorgan Chase & Co. lifted its position in shares of First Trust NASDAQ Rising Dividend Achievers by 135.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,128,835 shares of the company’s stock valued at $66,838,000 after buying an additional 650,194 shares during the last quarter. Commonwealth Equity Services LLC boosted its position in First Trust NASDAQ Rising Dividend Achievers by 7.8% during the fourth quarter. Commonwealth Equity Services LLC now owns 5,640,003 shares of the company’s stock worth $333,550,000 after purchasing an additional 409,135 shares during the period. Finally, HighTower Advisors LLC increased its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 47.3% in the third quarter. HighTower Advisors LLC now owns 1,267,282 shares of the company’s stock worth $75,007,000 after purchasing an additional 406,747 shares in the last quarter.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

NASDAQ:RDVY opened at $58.03 on Friday. First Trust NASDAQ Rising Dividend Achievers has a 52-week low of $52.78 and a 52-week high of $64.63. The business’s fifty day moving average is $60.99 and its 200 day moving average is $60.64. The firm has a market cap of $13.20 billion, a price-to-earnings ratio of 14.89 and a beta of 1.14.

First Trust NASDAQ Rising Dividend Achievers Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 27th will be paid a dividend of $0.2544 per share. This is a boost from First Trust NASDAQ Rising Dividend Achievers’s previous quarterly dividend of $0.19. This represents a $1.02 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date is Thursday, March 27th.

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.