Raymond James Financial Inc. Purchases New Position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Raymond James Financial Inc. purchased a new stake in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 10,031,147 shares of the company’s stock, valued at approximately $593,242,000. Raymond James Financial Inc. owned 4.60% of First Trust NASDAQ Rising Dividend Achievers at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of RDVY. LPL Financial LLC increased its position in shares of First Trust NASDAQ Rising Dividend Achievers by 4.9% during the third quarter. LPL Financial LLC now owns 20,326,430 shares of the company’s stock valued at $1,203,528,000 after buying an additional 953,708 shares during the period. JPMorgan Chase & Co. grew its holdings in First Trust NASDAQ Rising Dividend Achievers by 135.8% in the third quarter. JPMorgan Chase & Co. now owns 1,128,835 shares of the company’s stock worth $66,838,000 after purchasing an additional 650,194 shares during the period. HighTower Advisors LLC grew its holdings in First Trust NASDAQ Rising Dividend Achievers by 47.3% in the third quarter. HighTower Advisors LLC now owns 1,267,282 shares of the company’s stock worth $75,007,000 after purchasing an additional 406,747 shares during the period. SRS Capital Advisors Inc. grew its holdings in First Trust NASDAQ Rising Dividend Achievers by 128.3% in the fourth quarter. SRS Capital Advisors Inc. now owns 708,953 shares of the company’s stock worth $41,928,000 after purchasing an additional 398,469 shares during the period. Finally, Benjamin Edwards Inc. grew its holdings in First Trust NASDAQ Rising Dividend Achievers by 5,198.7% in the third quarter. Benjamin Edwards Inc. now owns 336,786 shares of the company’s stock worth $19,947,000 after purchasing an additional 330,430 shares during the period.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

Shares of RDVY opened at $59.83 on Thursday. The stock has a market cap of $13.05 billion, a PE ratio of 14.00 and a beta of 1.15. First Trust NASDAQ Rising Dividend Achievers has a fifty-two week low of $52.78 and a fifty-two week high of $64.63. The firm’s 50-day simple moving average is $61.39 and its two-hundred day simple moving average is $60.50.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The firm also recently disclosed 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.