Plotkin Financial Advisors LLC Acquires Shares of First Trust NASDAQ Rising Dividend Achievers

In the 3rd quarter, Plotkin Financial Advisors LLC made a significant investment by acquiring a new stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY - Free Report). This was reported in the firm's most recent 13F filing with the SEC. Plotkin Financial Advisors LLC purchased a total of 175,935 shares of the company, which is valued at around $10,417,000. This investment represents approximately 6.2% of their total portfolio, making it the firm's third-largest holding. Based on the latest filings with the SEC, Plotkin Financial Advisors LLC owned about 0.09% of First Trust NASDAQ Rising Dividend Achievers.

Moreover, other institutional investors have also adjusted their holdings in First Trust NASDAQ Rising Dividend Achievers. LPL Financial LLC increased its position by 4.9% in the 3rd quarter, now owning 20,326,430 shares valued at $1,203,528,000 after acquiring an additional 953,708 shares during this timeframe. Similarly, Raymond James Financial Services Advisors Inc. raised its holdings by 18.7% in the second quarter, now holding 6,872,756 shares valued at $376,283,000 following an extra purchase of 1,084,117 shares. Additionally, International Assets Investment Management LLC saw a substantial increase of 5,796.9% in the third quarter, gaining 6,803,294 shares valued at $402,823,000 after acquiring 6,687,924 shares. Commonwealth Equity Services LLC boosted its stake by 12.9% during the same quarter, reaching 5,230,868 shares valued at $309,720,000 after buying an extra 596,099 shares. Lastly, Envestnet Asset Management Inc. expanded its holdings by 5.2% during the second quarter, now possessing 3,209,445 shares valued at $175,717,000 due to an additional purchase of 159,003 shares.

Performance of First Trust NASDAQ Rising Dividend Achievers

As of Friday, shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) opened at $64.29. The stock has recorded a 50-day moving average price of $60.77 and a 200-day moving average price of $57.69. Its current market capitalization stands at $13.25 billion, with a price-to-earnings (P/E) ratio of 10.08 and a beta of 1.15. Over the past year, the stock achieved a low point of $47.80 and a high of $64.63.

Dividend Announcement by First Trust NASDAQ Rising Dividend Achievers

Recently, First Trust NASDAQ Rising Dividend Achievers announced a quarterly dividend, which was distributed on Monday, September 30th. Investors who were on record as of Thursday, September 26th, received a dividend of $0.1912. The ex-dividend date was also set for Thursday, September 26th. This indication translates to an annualized dividend of $0.76, resulting in a yield of 1.19%.

First Trust NASDAQ Rising Dividend Achievers Overview

This fund, known as the First Trust Rising Dividend Achievers ETF (RDVY), operates as an exchange-traded fund, guided by the NASDAQ US Rising Dividend Achievers index. It encompasses 50 large-cap stocks noted for rising, high-quality dividends. RDVY was officially launched on January 6, 2014, and it is managed by First Trust.

Additional Context

Before you consider investing in First Trust NASDAQ Rising Dividend Achievers, it’s vital to note that while the fund currently holds a "Hold" rating among analysts, several top analysts have identified other stocks they view as better investment opportunities. This context is essential for potential investors looking to make informed decisions in the stock market.

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