Tyler Stone Wealth Management Increases Stock Holdings in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Tyler Stone Wealth Management raised its stake in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 100.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,297 shares of the company’s stock after purchasing an additional 2,156 shares during the quarter. Tyler Stone Wealth Management’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $254,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. International Assets Investment Management LLC lifted its holdings 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 worth $402,823,000 after buying an additional 6,687,924 shares during the period. Cetera Investment Advisers boosted its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 178.5% during the 1st quarter. Cetera Investment Advisers now owns 2,264,096 shares of the company’s stock valued at $127,174,000 after buying an additional 1,451,045 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its position in shares of First Trust NASDAQ Rising Dividend Achievers by 18.7% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 6,872,756 shares of the company’s stock worth $376,283,000 after buying an additional 1,084,117 shares during the period. LPL Financial LLC increased its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 3.7% in the 2nd quarter. LPL Financial LLC now owns 19,372,722 shares of the company’s stock worth $1,060,656,000 after acquiring an additional 687,098 shares in the last quarter. Finally, Commonwealth Equity Services LLC lifted its position in First Trust NASDAQ Rising Dividend Achievers by 12.9% during the 3rd quarter. Commonwealth Equity Services LLC now owns 5,230,868 shares of the company’s stock valued at $309,720,000 after acquiring an additional 596,099 shares during the period.

First Trust NASDAQ Rising Dividend Achievers Price Performance

NASDAQ:RDVY opened at $63.50 on Tuesday. First Trust NASDAQ Rising Dividend Achievers has a one year low of $45.47 and a one year high of $63.72. The company’s 50-day simple moving average is $59.03 and its 200 day simple moving average is $56.80. The firm has a market capitalization of $13.09 billion, a P/E ratio of 10.08 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were given a $0.1912 dividend. The ex-dividend date was Thursday, September 26th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.20%.

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.