Private Advisor Group LLC Has $108.53 Million Stock Position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Private Advisor Group LLC lifted its stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 11.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,835,062 shares of the company’s stock after acquiring an additional 195,213 shares during the period. First Trust NASDAQ Rising Dividend Achievers makes up 0.6% of Private Advisor Group LLC’s portfolio, making the stock its 27th largest holding. Private Advisor Group LLC’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $108,526,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Sugarloaf Wealth Management LLC acquired a new stake in shares of First Trust NASDAQ Rising Dividend Achievers in the fourth quarter worth $40,000. Sound Income Strategies LLC acquired a new stake in First Trust NASDAQ Rising Dividend Achievers during the fourth quarter worth $40,000. Eastern Bank acquired a new stake in First Trust NASDAQ Rising Dividend Achievers during the fourth quarter worth $57,000. Blue Trust Inc. boosted its stake in First Trust NASDAQ Rising Dividend Achievers by 2,807.1% during the fourth quarter. Blue Trust Inc. now owns 1,221 shares of the company’s stock worth $72,000 after buying an additional 1,179 shares in the last quarter. Finally, Crewe Advisors LLC boosted its stake in First Trust NASDAQ Rising Dividend Achievers by 12.5% during the third quarter. Crewe Advisors LLC now owns 1,635 shares of the company’s stock worth $97,000 after buying an additional 182 shares in the last quarter.

First Trust NASDAQ Rising Dividend Achievers Price Performance

RDVY opened at $63.25 on Wednesday. First Trust NASDAQ Rising Dividend Achievers has a fifty-two week low of $51.50 and a fifty-two week high of $64.63. The firm’s fifty day moving average price is $61.19 and its two-hundred day moving average price is $60.02. The company has a market capitalization of $13.80 billion, a P/E ratio of 10.08 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were paid a dividend of $0.2956 per share. The ex-dividend date was Friday, December 13th.

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.