RFG Advisory LLC Reduces Stake in First Trust NASDAQ Rising Dividend Achievers

RFG Advisory LLC has decreased its investment in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 7.0% in the fourth quarter. In its latest filing with the Securities and Exchange Commission, RFG Advisory reported that it now holds 78,450 shares of the stock after selling 5,933 shares during the quarter. At the close of this quarter, the value of RFG Advisory's stake in First Trust NASDAQ Rising Dividend Achievers was approximately $4,640,000.

Other institutional investors have also made adjustments to their holdings in this fund. For instance, International Assets Investment Management LLC significantly increased its stake by an impressive 5,796.9% in the third quarter. Now, they own 6,803,294 shares valued at $402,823,000 after acquiring an additional 6,687,924 shares in that period. Additionally, LPL Financial LLC raised its holdings by 4.9% during the same quarter, owning 20,326,430 shares worth $1,203,528,000 after purchasing an extra 953,708 shares.

Moreover, JPMorgan Chase & Co. boosted its position in First Trust NASDAQ Rising Dividend Achievers by 135.8% during the third quarter. They now possess 1,128,835 shares valued at $66,838,000 following the acquisition of 650,194 shares. Likewise, Commonwealth Equity Services LLC increased its stake by 12.9% to 5,230,868 shares valued at $309,720,000 after buying 596,099 more shares. HighTower Advisors LLC also expanded its holdings by 47.3% and now owns 1,267,282 shares worth $75,007,000 after acquiring 406,747 shares.

Performance Overview of First Trust NASDAQ Rising Dividend Achievers

The shares of RDVY opened at $62.88 on Friday. With a market capitalization of $13.60 billion, the fund has a price-to-earnings ratio of 10.08 and a beta of 1.15. The stock has seen a low of $50.24 and a high of $64.63 over the past year. The fifty-day moving average price stands at $61.44, while the 200-day moving average is at $59.29.

Dividend Announcement from First Trust NASDAQ Rising Dividend Achievers

The company recently announced a dividend, which was distributed on Tuesday, December 31st. A dividend of $0.2956 per share was issued to shareholders of record who were on the list as of Friday, December 13th, with the ex-dividend date also being December 13th.

About First Trust NASDAQ Rising Dividend Achievers

The First Trust Rising Dividend Achievers ETF (RDVY) is an exchange-traded fund that tracks the NASDAQ US Rising Dividend Achievers index. The fund aims to represent an index of 50 large-cap stocks recognized for their rising and high-quality dividends. RDVY started trading on January 6, 2014, and is managed by First Trust.

Investment Considerations

Before considering any investment in First Trust NASDAQ Rising Dividend Achievers, it's worth noting that it currently holds a "Hold" rating among analysts. Market watchers have identified five other stocks that are presently recommended as better investments by top-rated analysts.

RFG, Advisory, Dividends