Advance Capital Management Inc. Purchases 8,565 Shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Advance Capital Management Inc. grew its stake in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 0.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,364,056 shares of the company’s stock after purchasing an additional 8,565 shares during the period. First Trust NASDAQ Rising Dividend Achievers makes up 18.0% of Advance Capital Management Inc.’s investment portfolio, making the stock its 2nd biggest holding. Advance Capital Management Inc.’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $158,447,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in RDVY. Householder Group Estate & Retirement Specialist LLC bought a new stake in shares of First Trust NASDAQ Rising Dividend Achievers during the first quarter worth about $52,000. Aptus Capital Advisors LLC increased its position in shares of First Trust NASDAQ Rising Dividend Achievers by 13.8% during the first quarter. Aptus Capital Advisors LLC now owns 442,147 shares of the company’s stock worth $19,839,000 after acquiring an additional 53,659 shares in the last quarter. Wealthcare Advisory Partners LLC increased its position in shares of First Trust NASDAQ Rising Dividend Achievers by 8.3% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 41,025 shares of the company’s stock worth $1,802,000 after acquiring an additional 3,150 shares in the last quarter. Kapstone Financial Advisors LLC increased its position in shares of First Trust NASDAQ Rising Dividend Achievers by 2.5% during the first quarter. Kapstone Financial Advisors LLC now owns 9,213 shares of the company’s stock worth $420,000 after acquiring an additional 222 shares in the last quarter. Finally, Koshinski Asset Management Inc. increased its position in shares of First Trust NASDAQ Rising Dividend Achievers by 6.0% during the first quarter. Koshinski Asset Management Inc. now owns 568,010 shares of the company’s stock worth $25,487,000 after acquiring an additional 32,013 shares in the last quarter.

First Trust NASDAQ Rising Dividend Achievers Price Performance

NASDAQ:RDVY opened at $47.31 on Thursday. First Trust NASDAQ Rising Dividend Achievers has a one year low of $38.34 and a one year high of $49.68. The firm has a 50-day moving average of $48.14 and a 200-day moving average of $46.18. The company has a market cap of $8.07 billion, a PE ratio of 9.91 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 30th. Shareholders of record on Wednesday, June 28th were given a $0.3021 dividend. This represents a $1.21 dividend on an annualized basis and a yield of 2.55%. This is an increase from First Trust NASDAQ Rising Dividend Achievers’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Tuesday, June 27th.

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.