Ausdal Financial Partners Inc. Buys 427 Shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Ausdal Financial Partners Inc. lifted its stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 1.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 36,401 shares of the company’s stock after acquiring an additional 427 shares during the period. Ausdal Financial Partners Inc.’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $2,153,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. LPL Financial LLC grew its stake in First Trust NASDAQ Rising Dividend Achievers by 4.8% in the fourth quarter. LPL Financial LLC now owns 21,307,144 shares of the company’s stock valued at $1,260,104,000 after purchasing an additional 980,714 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of First Trust NASDAQ Rising Dividend Achievers in the 4th quarter worth approximately $593,242,000. Commonwealth Equity Services LLC raised its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 7.8% during the 4th quarter. Commonwealth Equity Services LLC now owns 5,640,003 shares of the company’s stock worth $333,550,000 after acquiring an additional 409,135 shares in the last quarter. Kestra Advisory Services LLC raised its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 1.8% during the 4th quarter. Kestra Advisory Services LLC now owns 2,572,894 shares of the company’s stock worth $152,161,000 after acquiring an additional 46,729 shares in the last quarter. Finally, Private Advisor Group LLC lifted its position in First Trust NASDAQ Rising Dividend Achievers by 11.9% during the fourth quarter. Private Advisor Group LLC now owns 1,835,062 shares of the company’s stock valued at $108,526,000 after acquiring an additional 195,213 shares during the last quarter.

First Trust NASDAQ Rising Dividend Achievers Trading Up 0.3 %

NASDAQ RDVY opened at $59.91 on Wednesday. The firm’s fifty day simple moving average is $61.17 and its two-hundred day simple moving average is $60.65. The firm has a market capitalization of $13.07 billion, a P/E ratio of 14.78 and a beta of 1.15. First Trust NASDAQ Rising Dividend Achievers has a 12-month low of $52.78 and a 12-month high of $64.63.

About First Trust NASDAQ Rising Dividend Achievers

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.