Kovack Advisors Inc. Has $6.45 Million Stock Holdings in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Kovack Advisors Inc. grew its position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 2.8% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 108,919 shares of the company’s stock after buying an additional 3,012 shares during the period. First Trust NASDAQ Rising Dividend Achievers accounts for approximately 0.7% of Kovack Advisors Inc.’s investment portfolio, making the stock its 27th largest holding. Kovack Advisors Inc. owned approximately 0.05% of First Trust NASDAQ Rising Dividend Achievers worth $6,449,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Oppenheimer & Co. Inc. grew its position in shares of First Trust NASDAQ Rising Dividend Achievers by 7.1% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 117,878 shares of the company’s stock worth $6,980,000 after buying an additional 7,852 shares during the period. Aptus Capital Advisors LLC boosted its stake in First Trust NASDAQ Rising Dividend Achievers by 3.8% in the third quarter. Aptus Capital Advisors LLC now owns 488,628 shares of the company’s stock valued at $28,932,000 after acquiring an additional 17,662 shares during the last quarter. First Heartland Consultants Inc. grew its holdings in First Trust NASDAQ Rising Dividend Achievers by 71.9% during the 3rd quarter. First Heartland Consultants Inc. now owns 339,475 shares of the company’s stock worth $20,100,000 after acquiring an additional 141,978 shares during the period. Ashton Thomas Private Wealth LLC raised its position in shares of First Trust NASDAQ Rising Dividend Achievers by 31.6% during the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 16,814 shares of the company’s stock valued at $996,000 after acquiring an additional 4,035 shares during the last quarter. Finally, Proactive Wealth Strategies LLC acquired a new position in shares of First Trust NASDAQ Rising Dividend Achievers in the 3rd quarter valued at $3,704,000.

First Trust NASDAQ Rising Dividend Achievers Trading Up 0.0 %

Shares of NASDAQ:RDVY traded up $0.02 during midday trading on Wednesday, hitting $63.02. The company had a trading volume of 137,863 shares, compared to its average volume of 716,850. First Trust NASDAQ Rising Dividend Achievers has a 12 month low of $46.36 and a 12 month high of $63.72. The firm has a fifty day simple moving average of $59.13 and a 200 day simple moving average of $56.86. The stock has a market cap of $12.99 billion, a price-to-earnings ratio of 10.08 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were issued a dividend of $0.1912 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.21%. 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.