Kovack Advisors Inc. Raises Holdings in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Kovack Advisors Inc. raised its stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 4.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 113,520 shares of the company’s stock after buying an additional 4,601 shares during the quarter. Kovack Advisors Inc. owned approximately 0.05% of First Trust NASDAQ Rising Dividend Achievers worth $6,714,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in RDVY. Sugarloaf Wealth Management LLC purchased a new stake in First Trust NASDAQ Rising Dividend Achievers in the 4th quarter valued at $40,000. Sound Income Strategies LLC purchased a new stake in First Trust NASDAQ Rising Dividend Achievers in the 4th quarter valued at $40,000. Eastern Bank purchased a new stake in First Trust NASDAQ Rising Dividend Achievers in the 4th quarter valued at $57,000. Blue Trust Inc. grew its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 2,807.1% during the 4th quarter. Blue Trust Inc. now owns 1,221 shares of the company’s stock worth $72,000 after purchasing an additional 1,179 shares during the period. Finally, Crewe Advisors LLC grew its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 12.5% during the 3rd quarter. Crewe Advisors LLC now owns 1,635 shares of the company’s stock worth $97,000 after purchasing an additional 182 shares during the period.

First Trust NASDAQ Rising Dividend Achievers Trading Down 0.3 %

NASDAQ RDVY opened at $61.19 on Thursday. The stock has a market cap of $13.35 billion, a PE ratio of 14.00 and a beta of 1.15. First Trust NASDAQ Rising Dividend Achievers has a twelve month low of $52.43 and a twelve month high of $64.63. The stock has a fifty day simple moving average of $61.30 and a 200-day simple moving average of $60.35.

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 issued a dividend of $0.2956 per share. The ex-dividend date of this dividend 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.