Good Life Advisors LLC Acquires 7,897 Shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Good Life Advisors LLC raised its holdings in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 2.4% during the second quarter, HoldingsChannel.com reports. The fund owned 333,970 shares of the company’s stock after purchasing an additional 7,897 shares during the period. First Trust NASDAQ Rising Dividend Achievers makes up about 1.8% of Good Life Advisors LLC’s holdings, making the stock its 13th biggest holding. Good Life Advisors LLC’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $15,730,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Ameriprise Financial Inc. grew its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 1.3% during the 1st quarter. Ameriprise Financial Inc. now owns 3,710,455 shares of the company’s stock valued at $166,462,000 after purchasing an additional 47,558 shares during the last quarter. Advance Capital Management Inc. boosted its position in First Trust NASDAQ Rising Dividend Achievers by 0.3% in the second quarter. Advance Capital Management Inc. now owns 3,364,056 shares of the company’s stock valued at $158,447,000 after buying an additional 8,565 shares in the last quarter. Royal Bank of Canada grew its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 36.3% during the first quarter. Royal Bank of Canada now owns 3,260,517 shares of the company’s stock worth $159,766,000 after buying an additional 868,610 shares during the last quarter. Raymond James & Associates increased its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 0.5% during the first quarter. Raymond James & Associates now owns 2,826,145 shares of the company’s stock worth $126,809,000 after buying an additional 15,209 shares in the last quarter. Finally, Private Advisor Group LLC bought a new position in shares of First Trust NASDAQ Rising Dividend Achievers in the 1st quarter valued at $71,020,000.

First Trust NASDAQ Rising Dividend Achievers Stock Down 1.0 %

Shares of RDVY stock opened at $47.41 on Friday. First Trust NASDAQ Rising Dividend Achievers has a twelve month low of $38.34 and a twelve month high of $49.68. The stock’s fifty day simple moving average is $48.19 and its 200 day simple moving average is $46.22. The firm has a market capitalization of $8.09 billion, a P/E ratio of 9.91 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 30th. Stockholders of record on Wednesday, June 28th were issued a dividend of $0.3021 per share. This is a boost from First Trust NASDAQ Rising Dividend Achievers’s previous quarterly dividend of $0.21. This represents a $1.21 annualized dividend and a dividend yield of 2.55%. The ex-dividend date 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.