First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) Shares Bought by Pinnacle Family Advisors LLC

Pinnacle Family Advisors LLC lifted its stake in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 3.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,989 shares of the company’s stock after acquiring an additional 495 shares during the quarter. Pinnacle Family Advisors LLC’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $828,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in RDVY. LPL Financial LLC raised its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 4.9% in the 3rd 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 in the last quarter. Raymond James Financial Services Advisors Inc. grew its holdings in 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 acquiring an additional 1,084,117 shares during the period. International Assets Investment Management LLC raised its position in First Trust NASDAQ Rising Dividend Achievers by 5,796.9% in the third 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. Commonwealth Equity Services LLC lifted 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 valued at $309,720,000 after acquiring an additional 596,099 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in shares of First Trust NASDAQ Rising Dividend Achievers by 5.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 3,209,445 shares of the company’s stock valued at $175,717,000 after purchasing an additional 159,003 shares in the last quarter.

First Trust NASDAQ Rising Dividend Achievers Price Performance

NASDAQ RDVY opened at $63.83 on Wednesday. First Trust NASDAQ Rising Dividend Achievers has a 12 month low of $48.28 and a 12 month high of $64.63. The company has a market capitalization of $13.16 billion, a P/E ratio of 10.08 and a beta of 1.15. The company’s 50 day simple moving average is $60.97 and its 200 day simple moving average is $57.82.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were given a dividend of $0.1912 per share. The ex-dividend date was Thursday, September 26th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.20%.

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.