Stonebridge Financial Planning Group LLC Purchases 4,417 Shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Stonebridge Financial Planning Group LLC boosted its position in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 42.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,749 shares of the company’s stock after purchasing an additional 4,417 shares during the period. Stonebridge Financial Planning Group LLC’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $762,000 at the end of the most recent reporting period.

A number of other large investors have also recently 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 4th quarter. International Assets Investment Management LLC now owns 6,615,517 shares of the company’s stock valued at $341,824,000 after acquiring an additional 6,497,795 shares in the last quarter. Morgan Stanley grew its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 8.1% in the 3rd quarter. Morgan Stanley now owns 12,995,589 shares of the company’s stock valued at $597,147,000 after acquiring an additional 969,819 shares in the last quarter. LPL Financial LLC grew its holdings 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 valued at $741,285,000 after acquiring an additional 689,605 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in First Trust NASDAQ Rising Dividend Achievers by 10.6% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 5,803,282 shares of the company’s stock valued at $299,856,000 after purchasing an additional 557,879 shares during the last quarter. Finally, Affinity Wealth Management LLC acquired a new stake in First Trust NASDAQ Rising Dividend Achievers in the 3rd quarter valued at about $15,390,000.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

NASDAQ:RDVY traded down $1.18 during mid-day trading on Tuesday, hitting $53.32. The stock had a trading volume of 602,335 shares, compared to its average volume of 793,009. First Trust NASDAQ Rising Dividend Achievers has a twelve month low of $42.42 and a twelve month high of $56.28. The stock has a market cap of $10.07 billion, a price-to-earnings ratio of 9.78 and a beta of 1.15. The company’s 50 day simple moving average is $54.19 and its 200 day simple moving average is $50.86.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

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

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.