First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) Position Boosted by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC boosted its stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 12.6% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 667,203 shares of the company’s stock after acquiring an additional 74,539 shares during the quarter. Janney Montgomery Scott LLC’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $39,458,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. LPL Financial LLC lifted its stake in First Trust NASDAQ Rising Dividend Achievers by 4.9% during the third quarter. LPL Financial LLC now owns 20,326,430 shares of the company’s stock valued at $1,203,528,000 after buying an additional 953,708 shares in the last quarter. International Assets Investment Management LLC raised its stake in shares of 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 purchasing an additional 6,687,924 shares in the last quarter. Commonwealth Equity Services LLC grew its position in First Trust NASDAQ Rising Dividend Achievers by 12.9% in the third quarter. Commonwealth Equity Services LLC now owns 5,230,868 shares of the company’s stock worth $309,720,000 after acquiring an additional 596,099 shares in the last quarter. Cetera Investment Advisers boosted its holdings in First Trust NASDAQ Rising Dividend Achievers by 10.3% in the second quarter. Cetera Investment Advisers now owns 2,496,225 shares of the company’s stock worth $136,668,000 after purchasing an additional 232,129 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 4.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,862,913 shares of the company’s stock valued at $101,994,000 after acquiring an additional 71,047 shares during the last quarter.

First Trust NASDAQ Rising Dividend Achievers Price Performance

First Trust NASDAQ Rising Dividend Achievers stock opened at $62.88 on Friday. The firm has a fifty day moving average price of $61.44 and a two-hundred day moving average price of $59.29. First Trust NASDAQ Rising Dividend Achievers has a fifty-two week low of $50.24 and a fifty-two week high of $64.63. The firm has a market cap of $13.60 billion, a price-to-earnings ratio of 10.08 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were paid a $0.2956 dividend. The ex-dividend date was Friday, December 13th.

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.