First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) Shares Purchased by Wedbush Securities Inc.

Wedbush Securities Inc. raised its position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 11.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 84,401 shares of the company’s stock after buying an additional 8,672 shares during the period. Wedbush Securities Inc.’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $4,621,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of RDVY. Fisher Asset Management LLC purchased a new position in shares of First Trust NASDAQ Rising Dividend Achievers during the 4th quarter worth $274,000. Envestnet Portfolio Solutions Inc. boosted its holdings in First Trust NASDAQ Rising Dividend Achievers by 58.8% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 191,446 shares of the company’s stock valued at $9,892,000 after purchasing an additional 70,893 shares during the last quarter. US Financial Advisors LLC grew its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 2.9% in the 4th quarter. US Financial Advisors LLC now owns 183,854 shares of the company’s stock valued at $9,500,000 after buying an additional 5,259 shares during the period. Eudaimonia Partners LLC grew its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 5.3% in the 4th quarter. Eudaimonia Partners LLC now owns 16,310 shares of the company’s stock valued at $843,000 after buying an additional 824 shares during the period. Finally, Foundations Investment Advisors LLC increased its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 2.6% during the 4th quarter. Foundations Investment Advisors LLC now owns 189,198 shares of the company’s stock worth $9,702,000 after buying an additional 4,764 shares during the last quarter.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

Shares of First Trust NASDAQ Rising Dividend Achievers stock opened at $56.04 on Monday. First Trust NASDAQ Rising Dividend Achievers has a fifty-two week low of $43.30 and a fifty-two week high of $59.07. The firm has a market capitalization of $11.15 billion, a price-to-earnings ratio of 10.08 and a beta of 1.15. The stock has a 50 day moving average of $56.52 and a 200 day moving average of $55.23.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Thursday, June 27th were issued a $0.2616 dividend. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $1.05 annualized dividend and a yield of 1.87%.

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.