Avestar Capital LLC Invests $243,000 in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Avestar Capital LLC purchased a new stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,100 shares of the company’s stock, valued at approximately $243,000.

A number of other large investors have also added to or reduced their stakes in the business. FMR LLC raised its stake in First Trust NASDAQ Rising Dividend Achievers by 13.8% in the 3rd quarter. FMR LLC now owns 23,339 shares of the company’s stock valued at $1,382,000 after acquiring an additional 2,822 shares during the period. D.A. Davidson & CO. raised its stake in First Trust NASDAQ Rising Dividend Achievers by 4.5% in the 3rd quarter. D.A. Davidson & CO. now owns 674,180 shares of the company’s stock valued at $39,918,000 after acquiring an additional 29,294 shares during the period. Elios Financial Group Inc. bought a new stake in First Trust NASDAQ Rising Dividend Achievers in the 3rd quarter valued at $6,731,000. Private Trust Co. NA raised its stake in First Trust NASDAQ Rising Dividend Achievers by 6.9% in the 3rd quarter. Private Trust Co. NA now owns 20,883 shares of the company’s stock valued at $1,236,000 after acquiring an additional 1,352 shares during the period. Finally, Fisher Asset Management LLC bought a new stake in First Trust NASDAQ Rising Dividend Achievers in the 3rd quarter valued at $248,000.

First Trust NASDAQ Rising Dividend Achievers Trading Down 0.1 %

RDVY opened at $64.06 on Thursday. The stock has a market cap of $13.21 billion, a PE ratio of 10.08 and a beta of 1.15. The stock’s fifty day simple moving average is $60.56 and its 200 day simple moving average is $57.57. First Trust NASDAQ Rising Dividend Achievers has a 1-year low of $47.18 and a 1-year high of $64.63.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were given a dividend of $0.1912 per share. This represents a $0.76 annualized dividend and a yield of 1.19%. The ex-dividend date of this dividend was Thursday, September 26th.

First Trust NASDAQ Rising Dividend Achievers Company 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.