SRS Capital Advisors Inc. Acquires 61,430 Shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

SRS Capital Advisors Inc. lifted its holdings in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 24.7% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 310,484 shares of the company’s stock after buying an additional 61,430 shares during the quarter. First Trust NASDAQ Rising Dividend Achievers comprises 1.6% of SRS Capital Advisors Inc.’s portfolio, making the stock its 24th biggest holding. SRS Capital Advisors Inc. owned about 0.15% of First Trust NASDAQ Rising Dividend Achievers worth $18,384,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Financial Services Advisory Inc grew its holdings in First Trust NASDAQ Rising Dividend Achievers by 1.2% during the 3rd quarter. Financial Services Advisory Inc now owns 14,883 shares of the company’s stock worth $881,000 after acquiring an additional 170 shares during the period. Kingswood Wealth Advisors LLC increased its position in shares of First Trust NASDAQ Rising Dividend Achievers by 3.5% during the 2nd quarter. Kingswood Wealth Advisors LLC now owns 5,573 shares of the company’s stock worth $305,000 after purchasing an additional 186 shares during the last quarter. Arkadios Wealth Advisors raised its position in First Trust NASDAQ Rising Dividend Achievers by 0.3% during the second quarter. Arkadios Wealth Advisors now owns 71,312 shares of the company’s stock worth $3,904,000 after acquiring an additional 228 shares in the last quarter. Old Port Advisors raised its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 3.9% in the 2nd quarter. Old Port Advisors now owns 6,728 shares of the company’s stock valued at $368,000 after purchasing an additional 250 shares during the period. Finally, Hazlett Burt & Watson Inc. increased its position in First Trust NASDAQ Rising Dividend Achievers by 54.2% during the second quarter. Hazlett Burt & Watson Inc. now owns 740 shares of the company’s stock worth $40,000 after buying an additional 260 shares during the last quarter.

First Trust NASDAQ Rising Dividend Achievers Price Performance

First Trust NASDAQ Rising Dividend Achievers stock traded down $0.58 during mid-day trading on Friday, hitting $61.90. 865,901 shares of the company’s stock traded hands, compared to its average volume of 720,253. The firm has a 50 day simple moving average of $59.46 and a two-hundred day simple moving average of $57.00. The stock has a market cap of $12.76 billion, a price-to-earnings ratio of 10.08 and a beta of 1.15. First Trust NASDAQ Rising Dividend Achievers has a fifty-two week low of $46.60 and a fifty-two week high of $63.72.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were issued a dividend of $0.1912 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date was Thursday, September 26th.

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.