Lynch & Associates IN Purchases 983 Shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Lynch & Associates IN raised its position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 10.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,862 shares of the company’s stock after purchasing an additional 983 shares during the quarter. Lynch & Associates IN’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $642,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. LPL Financial LLC increased its stake in shares of 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 buying an additional 953,708 shares during the period. International Assets Investment Management LLC increased its position in First Trust NASDAQ Rising Dividend Achievers by 5,796.9% during 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 purchasing an additional 6,687,924 shares during the period. Commonwealth Equity Services LLC raised its holdings in 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 purchasing an additional 596,099 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in First Trust NASDAQ Rising Dividend Achievers by 5.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 3,209,445 shares of the company’s stock worth $175,717,000 after purchasing an additional 159,003 shares during the last quarter. Finally, Cetera Investment Advisers lifted its position in shares of First Trust NASDAQ Rising Dividend Achievers by 10.3% in the 2nd quarter. Cetera Investment Advisers now owns 2,496,225 shares of the company’s stock worth $136,668,000 after purchasing an additional 232,129 shares during the period.

First Trust NASDAQ Rising Dividend Achievers Price Performance

Shares of RDVY traded down $0.93 during trading hours on Friday, hitting $58.93. 1,155,587 shares of the stock were exchanged, compared to its average volume of 893,781. First Trust NASDAQ Rising Dividend Achievers has a fifty-two week low of $49.60 and a fifty-two week high of $64.63. The business has a 50-day moving average of $61.50 and a 200-day moving average of $58.85. The firm has a market capitalization of $12.66 billion, a P/E ratio of 10.08 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The firm also recently disclosed 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.

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.