Objective Capital Management LLC Invests in First Trust NASDAQ Rising Dividend Achievers

During the third quarter, Objective Capital Management LLC made a notable investment by purchasing a new position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY - Free Report). According to their latest disclosure to the SEC, the investment involved acquiring 34,026 shares of the stock, valued at approximately $2,015,000. This represents 1.2% of Objective Capital Management LLC's total holdings, ranking it as their 24th largest investment.

Additionally, other prominent investors have also recently altered their stakes in this company. For instance, International Assets Investment Management LLC significantly increased its holdings by 5,796.9% during the third quarter. As a result, they now own 6,803,294 shares worth approximately $402,823,000, following the acquisition of an additional 6,687,924 shares. Meanwhile, Cetera Investment Advisers grew its holdings by 178.5% in the first quarter, now owning 2,264,096 shares valued at $127,174,000 after adding 1,451,045 shares. Similarly, Raymond James Financial Services Advisors Inc. raised its stake by 18.7% in the second quarter, bringing their total to 6,872,756 shares worth $376,283,000, gaining 1,084,117 extra shares. LPL Financial LLC also increased its position by 3.7% in the same period, with 19,372,722 shares valued at $1,060,656,000 following an additional purchase of 687,098 shares. Lastly, Commonwealth Equity Services LLC increased its holdings by 12.9% in the third quarter, now owning 5,230,868 shares worth $309,720,000 after purchasing 596,099 extra shares.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

On a recent trading day, First Trust NASDAQ Rising Dividend Achievers stock saw an uptick of 0.1%, closing at $62.81. Approximately 687,627 shares traded hands, which was slightly lower than its average trading volume of 719,740 shares. The stock has a 50-day moving average of $59.03 and a 200-day moving average of $56.76. The current market capitalization stands at $12.95 billion, with a price-to-earnings (PE) ratio of 10.08 and a beta of 1.15. The stock has a notable one-year low of $45.15 and a high of $63.51.

Dividend Information

The company also announced a quarterly dividend that was paid on September 30. Shareholders recorded as of September 26 received a dividend of $0.1912 per share, translating to an annualized dividend of $0.76 and a yield of 1.22%. The ex-dividend date was set for September 26.

About First Trust NASDAQ Rising Dividend Achievers

The First Trust NASDAQ Rising Dividend Achievers ETF (RDVY) follows the NASDAQ US Rising Dividend Achievers Index. This fund tracks a selection of 50 large-cap stocks that are recognized for consistently increasing their high-quality dividends. Launched on January 6, 2014, it is actively managed by First Trust.

Investment, Stocks, Dividends