First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) is Ergawealth Advisors Inc.’s 5th Largest Position

Ergawealth Advisors Inc. increased its stake in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 18.3% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 219,104 shares of the company’s stock after purchasing an additional 33,833 shares during the period. First Trust NASDAQ Rising Dividend Achievers accounts for 7.0% of Ergawealth Advisors Inc.’s investment portfolio, making the stock its 5th largest position. Ergawealth Advisors Inc.’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $11,321,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in RDVY. International Assets Investment Management LLC grew its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 5,519.6% in the fourth quarter. International Assets Investment Management LLC now owns 6,615,517 shares of the company’s stock worth $341,824,000 after purchasing an additional 6,497,795 shares during the last quarter. Morgan Stanley raised its position in First Trust NASDAQ Rising Dividend Achievers by 8.1% during the 3rd quarter. Morgan Stanley now owns 12,995,589 shares of the company’s stock valued at $597,147,000 after purchasing an additional 969,819 shares during the last quarter. Royal Bank of Canada lifted its holdings in First Trust NASDAQ Rising Dividend Achievers by 36.3% in the 1st quarter. Royal Bank of Canada now owns 3,260,517 shares of the company’s stock worth $159,766,000 after buying an additional 868,610 shares during the period. LPL Financial LLC grew its position in shares of First Trust NASDAQ Rising Dividend Achievers by 4.5% in the 3rd quarter. LPL Financial LLC now owns 16,132,424 shares of the company’s stock worth $741,285,000 after buying an additional 689,605 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. increased its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 10.6% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 5,803,282 shares of the company’s stock valued at $299,856,000 after buying an additional 557,879 shares during the period.

First Trust NASDAQ Rising Dividend Achievers Price Performance

First Trust NASDAQ Rising Dividend Achievers stock traded down $0.22 during mid-day trading on Tuesday, reaching $53.43. 838,087 shares of the company traded hands, compared to its average volume of 803,340. The firm’s 50 day moving average price is $53.71 and its 200 day moving average price is $50.26. First Trust NASDAQ Rising Dividend Achievers has a 52-week low of $42.42 and a 52-week high of $56.28. The firm has a market capitalization of $10.01 billion, a price-to-earnings ratio of 9.85 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 22nd were given a $0.2238 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date of this dividend was Thursday, March 21st.

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.