Concurrent Investment Advisors LLC Has $11.52 Million Holdings in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Concurrent Investment Advisors LLC lifted its position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 1.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 194,520 shares of the company’s stock after purchasing an additional 2,797 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $11,518,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. BNP Paribas Financial Markets grew its stake in First Trust NASDAQ Rising Dividend Achievers by 24,700.0% during the first quarter. BNP Paribas Financial Markets now owns 496 shares of the company’s stock worth $28,000 after buying an additional 494 shares during the last quarter. VitalStone Financial LLC raised its position in First Trust NASDAQ Rising Dividend Achievers by 49.6% in the 1st quarter. VitalStone Financial LLC now owns 6,331 shares of the company’s stock valued at $356,000 after purchasing an additional 2,099 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its stake in First Trust NASDAQ Rising Dividend Achievers by 14.1% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 218,413 shares of the company’s stock worth $12,268,000 after purchasing an additional 26,967 shares in the last quarter. Atomi Financial Group Inc. bought a new stake in First Trust NASDAQ Rising Dividend Achievers during the 1st quarter worth about $624,000. Finally, Capital Square LLC bought a new position in First Trust NASDAQ Rising Dividend Achievers in the 1st quarter valued at $297,000.

First Trust NASDAQ Rising Dividend Achievers Stock Up 4.6 %

RDVY stock traded up $2.72 during midday trading on Wednesday, reaching $62.42. The stock had a trading volume of 179,306 shares, compared to its average volume of 713,073. The firm has a market cap of $12.87 billion, a price-to-earnings ratio of 10.08 and a beta of 1.15. First Trust NASDAQ Rising Dividend Achievers has a twelve month low of $45.15 and a twelve month high of $62.84. The business has a fifty day simple moving average of $58.75 and a two-hundred day simple moving average of $56.61.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were paid a dividend of $0.1912 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date of this dividend was Thursday, September 26th.

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.