D.A. Davidson & CO. Buys 55,219 Shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

D.A. Davidson & CO. grew its stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 8.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 729,399 shares of the company’s stock after acquiring an additional 55,219 shares during the quarter. D.A. Davidson & CO. owned 0.34% of First Trust NASDAQ Rising Dividend Achievers worth $43,137,000 at the end of the most recent quarter.

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

First Trust NASDAQ Rising Dividend Achievers Trading Up 0.6 %

First Trust NASDAQ Rising Dividend Achievers stock opened at $62.64 on Tuesday. First Trust NASDAQ Rising Dividend Achievers has a 12 month low of $51.39 and a 12 month high of $64.63. The stock has a fifty day simple moving average of $61.18 and a two-hundred day simple moving average of $59.98. The firm has a market cap of $13.66 billion, a price-to-earnings ratio of 10.08 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were issued a $0.2956 dividend. The ex-dividend date of this dividend 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.