Global Assets Advisory LLC Makes New Investment in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Global Assets Advisory LLC purchased a new position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 74,381 shares of the company’s stock, valued at approximately $4,370,000. First Trust NASDAQ Rising Dividend Achievers accounts for 2.3% of Global Assets Advisory LLC’s portfolio, making the stock its 10th biggest holding.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. BNP Paribas Financial Markets boosted its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 24,700.0% during the 1st quarter. BNP Paribas Financial Markets now owns 496 shares of the company’s stock valued at $28,000 after buying an additional 494 shares during the last quarter. Headlands Technologies LLC purchased a new position in shares of First Trust NASDAQ Rising Dividend Achievers during the 2nd quarter valued at approximately $29,000. Kings Path Partners LLC purchased a new position in shares of First Trust NASDAQ Rising Dividend Achievers during the 2nd quarter valued at approximately $31,000. Russell Investments Group Ltd. purchased a new position in shares of First Trust NASDAQ Rising Dividend Achievers during the 1st quarter valued at approximately $34,000. Finally, Rothschild Investment LLC purchased a new position in shares of First Trust NASDAQ Rising Dividend Achievers during the 2nd quarter valued at approximately $34,000.

First Trust NASDAQ Rising Dividend Achievers Trading Down 0.7 %

First Trust NASDAQ Rising Dividend Achievers stock opened at $59.31 on Thursday. The stock has a market cap of $12.16 billion, a P/E ratio of 10.08 and a beta of 1.15. The stock has a 50 day moving average of $58.38 and a 200-day moving average of $56.26. First Trust NASDAQ Rising Dividend Achievers has a 52 week low of $43.30 and a 52 week high of $60.94.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were paid a dividend of $0.1912 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.29%. The ex-dividend date of this dividend was Thursday, September 26th.

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.