D.A. Davidson & CO. Increases Position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

D.A. Davidson & CO. lifted its position in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 8.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 729,399 shares of the company’s stock after buying an additional 55,219 shares during the quarter. D.A. Davidson & CO.’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $43,137,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Truist Financial Corp raised its holdings in First Trust NASDAQ Rising Dividend Achievers by 8.3% during the fourth quarter. Truist Financial Corp now owns 842,544 shares of the company’s stock valued at $49,828,000 after acquiring an additional 64,267 shares during the period. Pinnacle Wealth Management Advisory Group LLC raised its stake in First Trust NASDAQ Rising Dividend Achievers by 1.5% during the 4th quarter. Pinnacle Wealth Management Advisory Group LLC now owns 92,531 shares of the company’s stock valued at $5,472,000 after purchasing an additional 1,332 shares during the period. Spectrum Wealth Advisory Group LLC lifted its holdings in First Trust NASDAQ Rising Dividend Achievers by 19.3% in the 4th quarter. Spectrum Wealth Advisory Group LLC now owns 249,602 shares of the company’s stock worth $14,761,000 after purchasing an additional 40,310 shares in the last quarter. J.W. Cole Advisors Inc. boosted its stake in First Trust NASDAQ Rising Dividend Achievers by 1.3% in the 4th quarter. J.W. Cole Advisors Inc. now owns 70,721 shares of the company’s stock worth $4,182,000 after purchasing an additional 924 shares during the period. Finally, Valmark Advisers Inc. grew its holdings in First Trust NASDAQ Rising Dividend Achievers by 5.6% during the 4th quarter. Valmark Advisers Inc. now owns 286,091 shares of the company’s stock valued at $16,919,000 after buying an additional 15,248 shares in the last quarter.

First Trust NASDAQ Rising Dividend Achievers Price Performance

First Trust NASDAQ Rising Dividend Achievers stock opened at $62.64 on Tuesday. First Trust NASDAQ Rising Dividend Achievers has a 1 year low of $51.39 and a 1 year high of $64.63. The firm’s 50 day moving average price is $61.18 and its 200-day moving average price is $59.98. The stock has a market cap of $13.66 billion, a P/E ratio of 10.08 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

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

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.