Intellus Advisors LLC Acquires New Shares in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Intellus Advisors LLC acquired a new stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 310,788 shares of the company’s stock, valued at approximately $18,380,000. First Trust NASDAQ Rising Dividend Achievers makes up 3.2% of Intellus Advisors LLC’s investment portfolio, making the stock its 9th largest position.

Several other hedge funds have also recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new position in First Trust NASDAQ Rising Dividend Achievers in the 4th quarter valued at approximately $593,242,000. Commonwealth Equity Services LLC increased its position in First Trust NASDAQ Rising Dividend Achievers by 7.8% during the fourth quarter. Commonwealth Equity Services LLC now owns 5,640,003 shares of the company’s stock worth $333,550,000 after buying an additional 409,135 shares in the last quarter. Kestra Advisory Services LLC increased its position in First Trust NASDAQ Rising Dividend Achievers by 1.8% during the fourth quarter. Kestra Advisory Services LLC now owns 2,572,894 shares of the company’s stock worth $152,161,000 after buying an additional 46,729 shares in the last quarter. Private Advisor Group LLC increased its position in First Trust NASDAQ Rising Dividend Achievers by 11.9% during the fourth quarter. Private Advisor Group LLC now owns 1,835,062 shares of the company’s stock worth $108,526,000 after buying an additional 195,213 shares in the last quarter. Finally, Stifel Financial Corp increased its position in First Trust NASDAQ Rising Dividend Achievers by 2.2% during the third quarter. Stifel Financial Corp now owns 1,675,769 shares of the company’s stock worth $99,224,000 after buying an additional 35,479 shares in the last quarter.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

First Trust NASDAQ Rising Dividend Achievers stock opened at $58.58 on Friday. The stock has a fifty day moving average of $61.18 and a two-hundred day moving average of $60.55. The company has a market capitalization of $12.78 billion, a price-to-earnings ratio of 14.78 and a beta of 1.15. First Trust NASDAQ Rising Dividend Achievers has a fifty-two week low of $52.78 and a fifty-two week high of $64.63.

First Trust NASDAQ Rising Dividend Achievers Company 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.