Bay Colony Advisory Group Inc d b a Bay Colony Advisors Has $3.42 Million Stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its holdings in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 89.7% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 57,786 shares of the company’s stock after acquiring an additional 27,329 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ holdings in First Trust NASDAQ Rising Dividend Achievers were worth $3,421,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. LPL Financial LLC lifted its holdings in First Trust NASDAQ Rising Dividend Achievers by 3.7% during the 2nd quarter. LPL Financial LLC now owns 19,372,722 shares of the company’s stock worth $1,060,656,000 after purchasing an additional 687,098 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in First Trust NASDAQ Rising Dividend Achievers by 18.7% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 6,872,756 shares of the company’s stock worth $376,283,000 after purchasing an additional 1,084,117 shares during the last quarter. International Assets Investment Management LLC lifted its holdings 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 worth $402,823,000 after purchasing an additional 6,687,924 shares during the last quarter. Commonwealth Equity Services LLC lifted 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. Finally, Envestnet Asset Management Inc. lifted 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.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

NASDAQ:RDVY traded up $0.42 during mid-day trading on Monday, hitting $59.62. 85,969 shares of the stock were exchanged, compared to its average volume of 715,366. The stock has a market capitalization of $12.25 billion, a price-to-earnings ratio of 10.08 and a beta of 1.15. The firm’s 50-day simple moving average is $58.48 and its 200 day simple moving average is $56.31. First Trust NASDAQ Rising Dividend Achievers has a fifty-two week low of $43.45 and a fifty-two week high of $60.94.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were paid a dividend of $0.1912 per share. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $0.76 dividend on an annualized basis and a yield of 1.28%.

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.