Foundations Investment Advisors LLC Buys 49,950 Shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Foundations Investment Advisors LLC grew its stake in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 21.8% in the third quarter, Holdings Channel reports. The fund owned 279,261 shares of the company’s stock after acquiring an additional 49,950 shares during the quarter. Foundations Investment Advisors LLC’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $16,535,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. LPL Financial LLC grew its position in shares of First Trust NASDAQ Rising Dividend Achievers by 3.7% during the 2nd quarter. LPL Financial LLC now owns 19,372,722 shares of the company’s stock valued at $1,060,656,000 after acquiring an additional 687,098 shares during the period. Raymond James Financial Services Advisors Inc. boosted its holdings in First Trust NASDAQ Rising Dividend Achievers by 18.7% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 6,872,756 shares of the company’s stock worth $376,283,000 after buying an additional 1,084,117 shares during the period. Commonwealth Equity Services LLC boosted its holdings in First Trust NASDAQ Rising Dividend Achievers by 12.9% in the 3rd quarter. Commonwealth Equity Services LLC now owns 5,230,868 shares of the company’s stock worth $309,720,000 after buying an additional 596,099 shares during the period. Envestnet Asset Management Inc. boosted its holdings in First Trust NASDAQ Rising Dividend Achievers by 5.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 3,209,445 shares of the company’s stock worth $175,717,000 after buying an additional 159,003 shares during the period. Finally, Raymond James & Associates boosted its holdings in First Trust NASDAQ Rising Dividend Achievers by 2.3% in the 2nd quarter. Raymond James & Associates now owns 2,818,055 shares of the company’s stock worth $154,289,000 after buying an additional 64,200 shares during the period.

First Trust NASDAQ Rising Dividend Achievers Trading Down 1.2 %

RDVY opened at $59.86 on Tuesday. The company has a 50 day moving average of $58.22 and a 200 day moving average of $56.20. The company has a market cap of $12.27 billion, a PE ratio of 10.08 and a beta of 1.15. First Trust NASDAQ Rising Dividend Achievers has a 12 month low of $43.30 and a 12 month high of $60.94.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were given a $0.1912 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.28%. 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.