RFG Advisory LLC Reduces Stake in First Trust NASDAQ Rising Dividend Achievers

RFG Advisory LLC has announced a decrease in its holdings of First Trust NASDAQ Rising Dividend Achievers (NASDAQ: RDVY) by 7.0% during the fourth quarter. This reduction was reported in the fund's latest disclosure with the Securities and Exchange Commission. After selling 5,933 shares, the fund now owns a total of 78,450 shares of the company, which is valued at approximately $4,640,000 by the end of the most recent quarter.

Several other large investors have also been adjusting their investments in First Trust NASDAQ Rising Dividend Achievers. For instance, International Assets Investment Management LLC significantly increased its stake by an impressive 5,796.9% during the third quarter. They acquired 6,687,924 additional shares, bringing their total holdings to 6,803,294 shares valued at $402,823,000. Similarly, LPL Financial LLC enhanced its position by 4.9%, now owning 20,326,430 shares worth about $1,203,528,000 after adding 953,708 shares in the last quarter.

Additionally, JPMorgan Chase & Co. increased its holdings in First Trust NASDAQ Rising Dividend Achievers by 135.8% in the same quarter. Following their purchase of 650,194 shares, they now own 1,128,835 shares valued at $66,838,000. Commonwealth Equity Services LLC also boosted its ownership by 12.9%, acquiring an additional 596,099 shares, leading to total holdings of 5,230,868 shares valued at $309,720,000. Furthermore, HighTower Advisors LLC raised its position by 47.3%, now owning 1,267,282 shares worth $75,007,000 after acquiring 406,747 shares during the period.

Performance of First Trust NASDAQ Rising Dividend Achievers

As of Friday, RDVY shares opened at $62.88. The company holds a market capitalization of $13.60 billion and a price-to-earnings ratio of 10.08, with a beta of 1.15. The stock has fluctuated within a one-year low of $50.24 and a high of $64.63. Their 50-day moving average stands at $61.44, while the 200-day moving average is $59.29.

Dividend Announcement by First Trust NASDAQ Rising Dividend Achievers

The company recently declared a dividend that was paid out on Tuesday, December 31st. Shareholders who were on record as of Friday, December 13th received a dividend of $0.2956 per share, with the ex-dividend date also being Friday, December 13th.

About the First Trust NASDAQ Rising Dividend Achievers

The First Trust Rising Dividend Achievers ETF (RDVY) is an exchange-traded fund that tracks the NASDAQ US Rising Dividend Achievers index. This fund monitors 50 large-cap stocks that are recognized for consistently rising high-quality dividends. Launched on January 6, 2014, it is managed by First Trust.

Investment Recommendations

Before considering an investment in First Trust NASDAQ Rising Dividend Achievers, investors should take note of market analyses and research conducted by top financial analysts. At present, while this fund carries a "Hold" rating, analysts believe there are five other stocks that offer better investment potential. Investors may want to explore these options further.

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