Sound Income Strategies LLC Invests $40,000 in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Sound Income Strategies LLC acquired a new stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) in the 4th quarter, Holdings Channel.com reports. The firm acquired 671 shares of the company’s stock, valued at approximately $40,000.

Other institutional investors have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC grew its holdings in shares of 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 worth $402,823,000 after acquiring an additional 6,687,924 shares during the period. LPL Financial LLC grew its holdings in First Trust NASDAQ Rising Dividend Achievers by 4.9% in 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. JPMorgan Chase & Co. increased its position in shares of First Trust NASDAQ Rising Dividend Achievers by 135.8% in the third quarter. JPMorgan Chase & Co. now owns 1,128,835 shares of the company’s stock valued at $66,838,000 after buying an additional 650,194 shares in the last quarter. Commonwealth Equity Services LLC raised its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 12.9% during the 3rd quarter. Commonwealth Equity Services LLC now owns 5,230,868 shares of the company’s stock worth $309,720,000 after buying an additional 596,099 shares during the last quarter. Finally, HighTower Advisors LLC boosted its position in shares of First Trust NASDAQ Rising Dividend Achievers by 47.3% in the 3rd quarter. HighTower Advisors LLC now owns 1,267,282 shares of the company’s stock worth $75,007,000 after buying an additional 406,747 shares in the last quarter.

First Trust NASDAQ Rising Dividend Achievers Trading Down 0.6 %

Shares of NASDAQ RDVY opened at $62.52 on Friday. The stock has a market cap of $13.55 billion, a price-to-earnings ratio of 10.08 and a beta of 1.15. The company’s 50-day moving average price is $61.46 and its 200 day moving average price is $59.40. First Trust NASDAQ Rising Dividend Achievers has a 52 week low of $50.24 and a 52 week high of $64.63.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

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

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.