TruWealth Advisors LLC Raises Position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

TruWealth Advisors LLC boosted its holdings in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 1.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 71,145 shares of the company’s stock after purchasing an additional 706 shares during the period. TruWealth Advisors LLC’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $4,208,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. LPL Financial LLC lifted its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 4.9% in the 3rd quarter. LPL Financial LLC now owns 20,326,430 shares of the company’s stock valued at $1,203,528,000 after acquiring an additional 953,708 shares during the last quarter. International Assets Investment Management LLC lifted its position in First Trust NASDAQ Rising Dividend Achievers by 5,796.9% in the third 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 last quarter. Commonwealth Equity Services LLC boosted its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 12.9% during the third quarter. Commonwealth Equity Services LLC now owns 5,230,868 shares of the company’s stock valued at $309,720,000 after purchasing an additional 596,099 shares during the period. Cetera Investment Advisers grew its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 10.3% in the second 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 last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 4.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,862,913 shares of the company’s stock worth $101,994,000 after buying an additional 71,047 shares during the period.

First Trust NASDAQ Rising Dividend Achievers Stock Up 0.5 %

Shares of RDVY opened at $62.18 on Friday. The stock has a market capitalization of $13.39 billion, a P/E ratio of 10.08 and a beta of 1.15. First Trust NASDAQ Rising Dividend Achievers has a twelve month low of $49.60 and a twelve month high of $64.63. The firm has a fifty day simple moving average of $61.47 and a two-hundred day simple moving average of $59.13.

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.

About First Trust NASDAQ Rising Dividend Achievers

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.