WESPAC Advisors SoCal LLC Purchases 18,403 Shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

WESPAC Advisors SoCal LLC raised its position in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 45.7% in the second quarter, HoldingsChannel reports. The firm owned 58,678 shares of the company’s stock after buying an additional 18,403 shares during the quarter. WESPAC Advisors SoCal LLC’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $3,213,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in the company. Global Assets Advisory LLC grew its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 5,315.6% during the 1st quarter. Global Assets Advisory LLC now owns 4,216,002 shares of the company’s stock valued at $236,813,000 after acquiring an additional 4,138,153 shares during the period. Cetera Investment Advisers grew its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 178.5% during the 1st quarter. Cetera Investment Advisers now owns 2,264,096 shares of the company’s stock valued at $127,174,000 after acquiring an additional 1,451,045 shares during the period. Raymond James Financial Services Advisors Inc. grew its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 18.7% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 6,872,756 shares of the company’s stock valued at $376,283,000 after acquiring an additional 1,084,117 shares during the period. Commonwealth Equity Services LLC grew its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 30.6% during the 4th quarter. Commonwealth Equity Services LLC now owns 3,989,267 shares of the company’s stock valued at $206,125,000 after acquiring an additional 933,923 shares during the period. Finally, Horizon Advisory Services Inc. bought a new position in shares of First Trust NASDAQ Rising Dividend Achievers during the 1st quarter valued at approximately $27,049,000.

First Trust NASDAQ Rising Dividend Achievers Price Performance

Shares of NASDAQ:RDVY traded down $0.26 during mid-day trading on Thursday, reaching $57.02. 676,073 shares of the company traded hands, compared to its average volume of 740,840. The company’s 50 day moving average price is $55.88 and its 200-day moving average price is $54.70. The firm has a market cap of $11.35 billion, a PE ratio of 10.08 and a beta of 1.15. First Trust NASDAQ Rising Dividend Achievers has a 52 week low of $43.30 and a 52 week high of $59.07.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Thursday, June 27th were paid a dividend of $0.2616 per share. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $1.05 dividend on an annualized basis and a dividend yield of 1.84%.

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.