Beacon Pointe Advisors LLC Has $554,000 Stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Beacon Pointe Advisors LLC lowered its holdings in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 55.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 10,727 shares of the company’s stock after selling 13,110 shares during the quarter. Beacon Pointe Advisors LLC’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $554,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. LPL Financial LLC grew its holdings in First Trust NASDAQ Rising Dividend Achievers by 4.5% during the 3rd quarter. LPL Financial LLC now owns 16,132,424 shares of the company’s stock worth $741,285,000 after acquiring an additional 689,605 shares during the last quarter. Morgan Stanley lifted its holdings in First Trust NASDAQ Rising Dividend Achievers by 8.1% during the 3rd quarter. Morgan Stanley now owns 12,995,589 shares of the company’s stock worth $597,147,000 after buying an additional 969,819 shares in the last quarter. International Assets Investment Management LLC increased its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 5,519.6% in the 4th quarter. International Assets Investment Management LLC now owns 6,615,517 shares of the company’s stock valued at $341,824,000 after buying an additional 6,497,795 shares during the period. Raymond James Financial Services Advisors Inc. increased its position in First Trust NASDAQ Rising Dividend Achievers by 10.6% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 5,803,282 shares of the company’s stock worth $299,856,000 after purchasing an additional 557,879 shares during the period. Finally, Ameriprise Financial Inc. raised its holdings in First Trust NASDAQ Rising Dividend Achievers by 4.8% during the 3rd quarter. Ameriprise Financial Inc. now owns 4,070,451 shares of the company’s stock worth $187,008,000 after purchasing an additional 187,162 shares during the last quarter.

First Trust NASDAQ Rising Dividend Achievers Trading Down 1.0 %

First Trust NASDAQ Rising Dividend Achievers stock opened at $54.73 on Friday. First Trust NASDAQ Rising Dividend Achievers has a 1 year low of $43.30 and a 1 year high of $56.28. The company’s 50-day moving average is $54.81 and its two-hundred day moving average is $52.04. The company has a market cap of $10.36 billion, a PE ratio of 10.08 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 22nd were paid a $0.2238 dividend. The ex-dividend date was Thursday, March 21st. This represents a $0.90 dividend on an annualized basis and a yield of 1.64%.

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.