Cambridge Investment Research Advisors Inc. Has $87.76 Million Stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Cambridge Investment Research Advisors Inc. boosted its holdings in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 3.3% in the 2nd quarter, Holdings Channel reports. The firm owned 1,863,280 shares of the company’s stock after buying an additional 58,876 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $87,760,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in RDVY. Householder Group Estate & Retirement Specialist LLC acquired a new stake in First Trust NASDAQ Rising Dividend Achievers in the first quarter valued at $52,000. Aptus Capital Advisors LLC grew its holdings in First Trust NASDAQ Rising Dividend Achievers by 13.8% during the 1st quarter. Aptus Capital Advisors LLC now owns 442,147 shares of the company’s stock worth $19,839,000 after acquiring an additional 53,659 shares during the period. Wealthcare Advisory Partners LLC grew its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 8.3% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 41,025 shares of the company’s stock valued at $1,802,000 after buying an additional 3,150 shares during the period. Kapstone Financial Advisors LLC grew its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 2.5% in the 1st quarter. Kapstone Financial Advisors LLC now owns 9,213 shares of the company’s stock valued at $420,000 after buying an additional 222 shares during the period. Finally, Koshinski Asset Management Inc. grew its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 6.0% in the 1st quarter. Koshinski Asset Management Inc. now owns 568,010 shares of the company’s stock valued at $25,487,000 after buying an additional 32,013 shares during the period.

First Trust NASDAQ Rising Dividend Achievers Trading Down 0.6 %

NASDAQ RDVY traded down $0.30 during trading hours on Tuesday, hitting $47.08. The company’s stock had a trading volume of 349,317 shares, compared to its average volume of 652,150. First Trust NASDAQ Rising Dividend Achievers has a 52 week low of $38.34 and a 52 week high of $49.68. The company has a market capitalization of $8.03 billion, a PE ratio of 9.91 and a beta of 1.15. The company’s 50-day simple moving average is $48.19 and its two-hundred day simple moving average is $46.24.

First Trust NASDAQ Rising Dividend Achievers Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 30th. Shareholders of record on Wednesday, June 28th were given a dividend of $0.3021 per share. The ex-dividend date was Tuesday, June 27th. This represents a $1.21 annualized dividend and a dividend yield of 2.57%. This is a boost from First Trust NASDAQ Rising Dividend Achievers’s previous quarterly dividend of $0.21.

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.