FCG Investment Co Invests $233,000 in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

FCG Investment Co purchased a new position in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 3,936 shares of the company’s stock, valued at approximately $233,000.

A number of other large investors have also recently made changes to their positions in RDVY. International Assets Investment Management LLC boosted its position in First Trust NASDAQ Rising Dividend Achievers by 5,796.9% in the 3rd quarter. International Assets Investment Management LLC now owns 6,803,294 shares of the company’s stock valued at $402,823,000 after buying an additional 6,687,924 shares during the period. Cetera Investment Advisers boosted its position in First Trust NASDAQ Rising Dividend Achievers by 178.5% in the 1st quarter. Cetera Investment Advisers now owns 2,264,096 shares of the company’s stock valued at $127,174,000 after buying an additional 1,451,045 shares during the period. Raymond James Financial Services Advisors Inc. boosted its position in First Trust NASDAQ Rising Dividend Achievers by 18.7% in 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 buying an additional 1,084,117 shares during the period. LPL Financial LLC boosted its position in First Trust NASDAQ Rising Dividend Achievers by 3.7% in the 2nd quarter. LPL Financial LLC now owns 19,372,722 shares of the company’s stock valued at $1,060,656,000 after buying an additional 687,098 shares during the period. Finally, Commonwealth Equity Services LLC boosted its position in First Trust NASDAQ Rising Dividend Achievers by 12.9% in the 3rd quarter. Commonwealth Equity Services LLC now owns 5,230,868 shares of the company’s stock valued at $309,720,000 after buying an additional 596,099 shares during the period.

First Trust NASDAQ Rising Dividend Achievers Price Performance

First Trust NASDAQ Rising Dividend Achievers stock opened at $59.20 on Monday. The stock has a market cap of $12.16 billion, a price-to-earnings ratio of 10.08 and a beta of 1.15. First Trust NASDAQ Rising Dividend Achievers has a 1 year low of $43.30 and a 1 year high of $60.94. The firm has a 50-day moving average of $58.48 and a two-hundred day moving average of $56.31.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The business also recently disclosed 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 annualized dividend and a yield of 1.29%.

First Trust NASDAQ Rising Dividend Achievers 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.