Sandy Spring Bank Has $2.74 Million Stock Holdings in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Sandy Spring Bank raised its stake in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 32.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 46,248 shares of the company’s stock after purchasing an additional 11,406 shares during the period. Sandy Spring Bank’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $2,735,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. LPL Financial LLC grew its holdings 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 purchasing an additional 953,708 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of First Trust NASDAQ Rising Dividend Achievers in the fourth quarter worth $593,242,000. Commonwealth Equity Services LLC grew its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 7.8% in the fourth quarter. Commonwealth Equity Services LLC now owns 5,640,003 shares of the company’s stock worth $333,550,000 after acquiring an additional 409,135 shares during the last quarter. Kestra Advisory Services LLC grew its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 1.8% in the fourth quarter. Kestra Advisory Services LLC now owns 2,572,894 shares of the company’s stock worth $152,161,000 after acquiring an additional 46,729 shares during the last quarter. Finally, Private Advisor Group LLC grew its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 11.9% in the fourth quarter. Private Advisor Group LLC now owns 1,835,062 shares of the company’s stock worth $108,526,000 after acquiring an additional 195,213 shares during the last quarter.

First Trust NASDAQ Rising Dividend Achievers Trading Down 0.5 %

Shares of First Trust NASDAQ Rising Dividend Achievers stock opened at $59.04 on Friday. The company’s fifty day simple moving average is $61.19 and its 200-day simple moving average is $60.55. The company has a market cap of $12.88 billion, a price-to-earnings ratio of 14.78 and a beta of 1.15. First Trust NASDAQ Rising Dividend Achievers has a 1 year low of $52.78 and a 1 year high of $64.63.

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.