Arvest Investments Inc. Grows Position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Arvest Investments Inc. grew its stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 12.3% during the 3rd quarter, Holdings Channel reports. The fund owned 51,686 shares of the company’s stock after acquiring an additional 5,671 shares during the period. Arvest Investments Inc.’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $3,060,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Consolidated Portfolio Review Corp boosted its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 7.9% during the second quarter. Consolidated Portfolio Review Corp now owns 118,045 shares of the company’s stock worth $6,463,000 after purchasing an additional 8,618 shares during the last quarter. Blair William & Co. IL boosted its stake in First Trust NASDAQ Rising Dividend Achievers by 9.3% in the 1st quarter. Blair William & Co. IL now owns 351,981 shares of the company’s stock worth $19,771,000 after buying an additional 30,086 shares during the last quarter. Williams Financial LLC purchased a new stake in First Trust NASDAQ Rising Dividend Achievers in the 2nd quarter valued at about $765,000. Atria Investments Inc increased its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 28.0% during the 1st quarter. Atria Investments Inc now owns 97,657 shares of the company’s stock valued at $5,485,000 after acquiring an additional 21,379 shares during the last quarter. Finally, Atomi Financial Group Inc. purchased a new position in shares of First Trust NASDAQ Rising Dividend Achievers during the 1st quarter worth about $624,000.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

First Trust NASDAQ Rising Dividend Achievers stock traded up $0.08 during trading on Friday, reaching $62.81. The company had a trading volume of 687,627 shares, compared to its average volume of 719,740. First Trust NASDAQ Rising Dividend Achievers has a 12-month low of $45.15 and a 12-month high of $63.51. The stock’s 50 day moving average price is $59.03 and its two-hundred day moving average price is $56.78. The firm has a market capitalization of $12.95 billion, a price-to-earnings ratio of 10.08 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were paid a dividend of $0.1912 per share. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $0.76 annualized dividend and a dividend yield of 1.22%.

First Trust NASDAQ Rising Dividend Achievers 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.