First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) Shares Acquired by Gladstone Institutional Advisory LLC

Gladstone Institutional Advisory LLC lifted its holdings in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 2.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 206,165 shares of the company’s stock after purchasing an additional 4,383 shares during the quarter. Gladstone Institutional Advisory LLC owned about 0.10% of First Trust NASDAQ Rising Dividend Achievers worth $12,207,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in RDVY. LPL Financial LLC increased its stake in First Trust NASDAQ Rising Dividend Achievers by 3.7% during the 2nd quarter. LPL Financial LLC now owns 19,372,722 shares of the company’s stock valued at $1,060,656,000 after purchasing an additional 687,098 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in First Trust NASDAQ Rising Dividend Achievers by 18.7% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 6,872,756 shares of the company’s stock worth $376,283,000 after acquiring an additional 1,084,117 shares during the last quarter. International Assets Investment Management LLC lifted its position in First Trust NASDAQ Rising Dividend Achievers by 5,796.9% during the 3rd quarter. International Assets Investment Management LLC now owns 6,803,294 shares of the company’s stock worth $402,823,000 after acquiring an additional 6,687,924 shares during the period. Commonwealth Equity Services LLC grew its stake in First Trust NASDAQ Rising Dividend Achievers by 12.9% during the 3rd quarter. Commonwealth Equity Services LLC now owns 5,230,868 shares of the company’s stock valued at $309,720,000 after purchasing an additional 596,099 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 5.2% in the second quarter. Envestnet Asset Management Inc. now owns 3,209,445 shares of the company’s stock worth $175,717,000 after purchasing an additional 159,003 shares during the last quarter.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

NASDAQ RDVY traded up $0.21 during trading hours on Friday, reaching $59.25. The stock had a trading volume of 185,122 shares, compared to its average volume of 713,823. First Trust NASDAQ Rising Dividend Achievers has a 52-week low of $44.67 and a 52-week high of $60.94. The stock has a fifty day moving average of $58.68 and a 200 day moving average of $56.44. The stock has a market cap of $12.18 billion, a P/E ratio of 10.08 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

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

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.