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

RFG Advisory LLC has decreased its investment in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 7.0% during the fourth quarter, as indicated by its latest report to the Securities and Exchange Commission. After selling 5,933 shares during this quarter, the fund now holds 78,450 shares of the company's stock, which had a total value of approximately $4,640,000 at the end of the reporting period.

Other significant investors have also adjusted their positions in First Trust NASDAQ Rising Dividend Achievers recently. For instance, International Assets Investment Management LLC significantly increased its holdings by an impressive 5,796.9% in the third quarter, acquiring an additional 6,687,924 shares, bringing its total to 6,803,294 shares valued at $402,823,000. Similarly, LPL Financial LLC raised its stake by 4.9%, now owning 20,326,430 shares worth $1,203,528,000 after adding 953,708 shares in the last quarter.

Additionally, JPMorgan Chase & Co. expanded its position by 135.8%, acquiring 650,194 shares to reach a total of 1,128,835 shares valued at about $66,838,000. Commonwealth Equity Services LLC also increased its holdings by 12.9%, now owning 5,230,868 shares worth $309,720,000 after purchasing 596,099 shares. HighTower Advisors LLC boosted its stake by a remarkable 47.3%, owning 1,267,282 shares valued at $75,007,000 following the acquisition of 406,747 shares.

Performance of First Trust NASDAD Rising Dividend Achievers

As of Friday, shares of RDVY opened at $62.88. The company boasts a market capitalization of $13.60 billion, with a price-to-earnings ratio of 10.08 and a beta of 1.15. Over the past year, the stock reached a low of $50.24 and a high of $64.63. Currently, its fifty-day moving average price stands at $61.44, while the two-hundred-day average is at $59.29.

Dividend Announcement from First Trust NASDAQ Rising Dividend Achievers

Recently, the company declared a dividend that was issued on December 31st. Shareholders who were on record as of December 13th received a dividend of $0.2956 per share, with the ex-dividend date also set for December 13th.

About 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. It primarily focuses on 50 large-cap stocks known for their rising and high-quality dividends. Launched on January 6, 2014, it is managed by First Trust.

Investment Opportunities

For those considering an investment of $1,000 in First Trust NASDAQ Rising Dividend Achievers, it may be beneficial to explore other options. Market analysts assert that while First Trust NASDAQ Rising Dividend Achievers holds a "Hold" rating among stock analysts, there are five other stocks that may offer better buying opportunities according to expert recommendations. To discover more about these stocks, further research is advised.

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