First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) is Cottonwood Capital Advisors LLC’s 4th Largest Position

Cottonwood Capital Advisors LLC lowered its position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 4.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 98,004 shares of the company’s stock after selling 4,639 shares during the period. First Trust NASDAQ Rising Dividend Achievers comprises approximately 4.2% of Cottonwood Capital Advisors LLC’s holdings, making the stock its 4th largest position. Cottonwood Capital Advisors LLC’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $5,796,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the business. LPL Financial LLC boosted its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 4.9% during the 3rd quarter. LPL Financial LLC now owns 20,326,430 shares of the company’s stock worth $1,203,528,000 after purchasing an additional 953,708 shares during the last quarter. International Assets Investment Management LLC grew its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 5,796.9% during the 3rd quarter. International Assets Investment Management LLC now owns 6,803,294 shares of the company’s stock worth $402,823,000 after purchasing an additional 6,687,924 shares during the period. Commonwealth Equity Services LLC increased its position in shares of First Trust NASDAQ Rising Dividend Achievers by 12.9% in the third quarter. Commonwealth Equity Services LLC now owns 5,230,868 shares of the company’s stock worth $309,720,000 after acquiring an additional 596,099 shares in the last quarter. Cetera Investment Advisers boosted its position in shares of First Trust NASDAQ Rising Dividend Achievers by 10.3% in the second quarter. Cetera Investment Advisers now owns 2,496,225 shares of the company’s stock worth $136,668,000 after buying an additional 232,129 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its position in First Trust NASDAQ Rising Dividend Achievers by 4.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,862,913 shares of the company’s stock valued at $101,994,000 after buying an additional 71,047 shares during the last quarter.

First Trust NASDAQ Rising Dividend Achievers Price Performance

RDVY opened at $62.52 on Friday. The stock has a market capitalization of $13.52 billion, a PE ratio of 10.08 and a beta of 1.15. First Trust NASDAQ Rising Dividend Achievers has a 12-month low of $50.24 and a 12-month high of $64.63. The firm’s fifty day moving average price is $61.46 and its 200 day moving average price is $59.37.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were given a dividend of $0.2956 per share. The ex-dividend date of this dividend was Friday, December 13th.

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.