HighTower Advisors LLC Has $75.01 Million Stock Holdings in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

HighTower Advisors LLC lifted its stake in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 47.3% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,267,282 shares of the company’s stock after buying an additional 406,747 shares during the period. HighTower Advisors LLC’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $75,007,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. Consolidated Portfolio Review Corp lifted its stake in First Trust NASDAQ Rising Dividend Achievers by 7.9% during the second quarter. Consolidated Portfolio Review Corp now owns 118,045 shares of the company’s stock worth $6,463,000 after purchasing an additional 8,618 shares during the last quarter. Williams Financial LLC bought a new stake in shares of First Trust NASDAQ Rising Dividend Achievers during the 2nd quarter worth $765,000. Raymond James & Associates boosted its stake in First Trust NASDAQ Rising Dividend Achievers by 2.3% in the second quarter. Raymond James & Associates now owns 2,818,055 shares of the company’s stock valued at $154,289,000 after buying an additional 64,200 shares in the last quarter. Spectrum Wealth Advisory Group LLC bought a new position in First Trust NASDAQ Rising Dividend Achievers in the third quarter valued at about $12,392,000. Finally, D.A. Davidson & CO. raised its stake in First Trust NASDAQ Rising Dividend Achievers by 4.5% during the third quarter. D.A. Davidson & CO. now owns 674,180 shares of the company’s stock worth $39,918,000 after acquiring an additional 29,294 shares in the last quarter.

First Trust NASDAQ Rising Dividend Achievers Trading Down 0.5 %

RDVY opened at $63.83 on Wednesday. The company has a market cap of $13.16 billion, a P/E ratio of 10.08 and a beta of 1.15. The company’s 50 day moving average is $60.97 and its 200-day moving average is $57.82. First Trust NASDAQ Rising Dividend Achievers has a 1-year low of $48.28 and a 1-year high of $64.63.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders 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 dividend on an annualized basis and a yield of 1.20%.

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.