CreativeOne Wealth LLC Increases Stake in First Trust NASDAQ Rising Dividend Achievers

CreativeOne Wealth LLC has significantly increased its investment in the First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 295.6% during the third quarter, based on its latest filing with the Securities and Exchange Commission (SEC). After acquiring an additional 32,950 shares in the quarter, the fund now holds a total of 44,098 shares of the ETF. The value of CreativeOne's holdings in RDVY reached approximately $2,611,000, according to the recent SEC disclosure.

Other institutional investors and hedge funds have also shown interest in First Trust NASDAQ Rising Dividend Achievers, with several making notable adjustments to their positions. For example, LPL Financial LLC increased its stake in RDVY by 4.9% during the third quarter, totaling 20,326,430 shares valued at $1,203,528,000 after acquiring an additional 953,708 shares.

Similarly, Raymond James Financial Services Advisors Inc. boosted its holdings by 18.7% in the second quarter, now owning 6,872,756 shares worth $376,283,000 following the purchase of 1,084,117 additional shares. Another firm, International Assets Investment Management LLC, raised its position dramatically by 5,796.9% in the third quarter, bringing its total to 6,803,294 shares valued at $402,823,000 after acquiring an impressive 6,687,924 shares.

Commonwealth Equity Services LLC also increased its holdings by 12.9% in the same quarter, owning 5,230,868 shares valued at $309,720,000 after buying an extra 596,099 shares. Envestnet Asset Management Inc. added 5.2% to its interest in the second quarter, now holding 3,209,445 shares worth $175,717,000 after procuring 159,003 more shares.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

As of Thursday, shares of RDVY opened at $64.06. The ETF has a 50-day moving average price of $60.56 and a 200-day moving average of $57.57. Over the past year, the stock has experienced a low of $47.18 and a high of $64.63, with a market capitalization of $13.21 billion, a P/E ratio of 10.08, and a beta of 1.15.

Dividend Information

The First Trust NASDAQ Rising Dividend Achievers recently declared a quarterly dividend, which was distributed on September 30th. Shareholders on record as of September 26th received a dividend of $0.1912 per share, representing an annualized dividend of $0.76 and a dividend yield of 1.19%.

About First Trust NASDAQ Rising Dividend Achievers

The First Trust Rising Dividend Achievers ETF (RDVY) tracks the NASDAQ US Rising Dividend Achievers index, consisting of 50 large-cap stocks known for maintaining and increasing high-quality dividends. Launched on January 6, 2014, this ETF is managed by First Trust.

investment, dividends, ETF