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

Plotkin Financial Advisors LLC has recently made a significant investment in the First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) during the 3rd quarter, as reported in their latest filing with the SEC. The investment firm has acquired a total of 175,935 shares in RDVY, amounting to an approximate value of $10,417,000. This acquisition represents about 6.2% of Plotkin Financial Advisors LLC's overall portfolio, making it their third-largest holding. As per the latest filing, Plotkin Financial Advisors LLC holds roughly 0.09% of the total shares of First Trust NASDAQ Rising Dividend Achievers.

Alongside Plotkin Financial Advisors LLC, several other institutional investors have also adjusted their holdings in the First Trust NASDAQ Rising Dividend Achievers. LPL Financial LLC increased its position by 4.9% in the 3rd quarter, acquiring an additional 953,708 shares, bringing their total to 20,326,430 shares worth about $1.2 billion. Similarly, Raymond James Financial Services Advisors Inc. expanded its stake by 18.7% during the 2nd quarter, now holding 6,872,756 shares valued at approximately $376.3 million after purchasing an extra 1,084,117 shares.

Moreover, International Assets Investment Management LLC saw a substantial increase in its holdings, growing by 5,796.9% in the 3rd quarter. They now own 6,803,294 shares worth around $402.8 million after acquiring an additional 6,687,924 shares. Commonwealth Equity Services LLC also reported a 12.9% increase in shares during the same quarter, reaching a total of 5,230,868 shares valued at about $309.7 million. Lastly, Envestnet Asset Management Inc. added 159,003 shares, which led to a 5.2% growth in its holdings during the 2nd quarter, totaling 3,209,445 shares worth approximately $175.7 million.

Current Stock Performance of First Trust NASDAQ Rising Dividend Achievers

As of the latest trading session, shares of NASDAQ RDVY opened at $64.29. The stock has a 50-day moving average price of $60.77, and the 200-day moving average price sits at $57.69. With a market capitalization of $13.25 billion, RDVY has a price-to-earnings (P/E) ratio of 10.08 and a beta value of 1.15. Over the last year, the stock has fluctuated between a low of $47.80 and a high of $64.63.

Dividend Declaration by First Trust NASDAQ Rising Dividend Achievers

Recently, First Trust NASDAQ Rising Dividend Achievers announced a quarterly dividend, which was paid on September 30th. Investors who were on record as of September 26th received a dividend of $0.1912. The ex-dividend date was also marked on September 26th. This translates into an annualized dividend of $0.76 and indicates a yield of 1.19%.

Profile of First Trust NASDAQ Rising Dividend Achievers

The First Trust NASDAQ Rising Dividend Achievers ETF (RDVY) is an exchange-traded fund that tracks the NASDAQ US Rising Dividend Achievers index. This fund focuses on a selection of 50 large-cap stocks known for their rising and high-quality dividends. Launched on January 6, 2014, it is managed by First Trust.

investment, acquisition, ETFs