Commonwealth Equity Services LLC Acquires 933,923 Shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Commonwealth Equity Services LLC increased its holdings in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 30.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,989,267 shares of the company’s stock after purchasing an additional 933,923 shares during the quarter. Commonwealth Equity Services LLC owned 2.20% of First Trust NASDAQ Rising Dividend Achievers worth $206,125,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. International Assets Investment Management LLC grew its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 5,519.6% during the 4th quarter. International Assets Investment Management LLC now owns 6,615,517 shares of the company’s stock worth $341,824,000 after acquiring an additional 6,497,795 shares in the last quarter. Morgan Stanley grew its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 8.1% during the 3rd quarter. Morgan Stanley now owns 12,995,589 shares of the company’s stock worth $597,147,000 after acquiring an additional 969,819 shares in the last quarter. LPL Financial LLC grew its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 4.5% during the 3rd quarter. LPL Financial LLC now owns 16,132,424 shares of the company’s stock worth $741,285,000 after acquiring an additional 689,605 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 10.6% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 5,803,282 shares of the company’s stock worth $299,856,000 after acquiring an additional 557,879 shares in the last quarter. Finally, Affinity Wealth Management LLC bought a new position in shares of First Trust NASDAQ Rising Dividend Achievers during the 3rd quarter worth approximately $15,390,000.

First Trust NASDAQ Rising Dividend Achievers Price Performance

Shares of RDVY traded up $0.34 during mid-day trading on Thursday, hitting $53.61. 316,372 shares of the company’s stock were exchanged, compared to its average volume of 784,726. The company has a market cap of $10.13 billion, a PE ratio of 9.78 and a beta of 1.15. First Trust NASDAQ Rising Dividend Achievers has a 52 week low of $42.42 and a 52 week high of $56.28. The company has a 50-day simple moving average of $54.25 and a 200 day simple moving average of $50.93.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 22nd were paid a dividend of $0.2238 per share. The ex-dividend date of this dividend was Thursday, March 21st. This represents a $0.90 annualized dividend and a dividend yield of 1.67%.

First Trust NASDAQ Rising Dividend Achievers 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.