Kovack Advisors Inc. Purchases 3,012 Shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Kovack Advisors Inc. grew its position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 2.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 108,919 shares of the company’s stock after buying an additional 3,012 shares during the period. First Trust NASDAQ Rising Dividend Achievers makes up 0.7% of Kovack Advisors Inc.’s portfolio, making the stock its 27th largest position. Kovack Advisors Inc.’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $6,449,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Oppenheimer & Co. Inc. grew its stake in First Trust NASDAQ Rising Dividend Achievers by 7.1% in the third quarter. Oppenheimer & Co. Inc. now owns 117,878 shares of the company’s stock valued at $6,980,000 after acquiring an additional 7,852 shares during the period. Aptus Capital Advisors LLC lifted its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 3.8% during the 3rd quarter. Aptus Capital Advisors LLC now owns 488,628 shares of the company’s stock valued at $28,932,000 after purchasing an additional 17,662 shares in the last quarter. First Heartland Consultants Inc. grew its position in shares of First Trust NASDAQ Rising Dividend Achievers by 71.9% in the 3rd quarter. First Heartland Consultants Inc. now owns 339,475 shares of the company’s stock valued at $20,100,000 after purchasing an additional 141,978 shares during the period. Ashton Thomas Private Wealth LLC increased its stake in First Trust NASDAQ Rising Dividend Achievers by 31.6% during the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 16,814 shares of the company’s stock worth $996,000 after purchasing an additional 4,035 shares in the last quarter. Finally, Proactive Wealth Strategies LLC acquired a new stake in First Trust NASDAQ Rising Dividend Achievers during the 3rd quarter worth approximately $3,704,000.

First Trust NASDAQ Rising Dividend Achievers Price Performance

RDVY traded up $0.02 during trading on Wednesday, reaching $63.02. The company had a trading volume of 137,863 shares, compared to its average volume of 716,850. The company has a market cap of $12.99 billion, a P/E ratio of 10.08 and a beta of 1.15. First Trust NASDAQ Rising Dividend Achievers has a 12 month low of $46.36 and a 12 month high of $63.72. The business’s fifty day moving average price is $59.13 and its 200 day moving average price is $56.86.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were given a $0.1912 dividend. The ex-dividend date was Thursday, September 26th. This represents a $0.76 annualized dividend and a yield of 1.21%.

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.