Cottonwood Capital Advisors LLC Adjusts Its Position in First Trust NASDAQ Rising Dividend Achievers

Cottonwood Capital Advisors LLC has decreased its stake in the First Trust NASDAQ Rising Dividend Achievers ETF (NASDAQ: RDVY) by 4.5% during the fourth quarter, according to its latest filing with the Securities and Exchange Commission, known as Form 13F. Following this adjustment, the firm now holds a total of 98,004 shares after selling 4,639 shares in this investment period.

As a significant portion of Cottonwood Capital Advisors LLC's investment strategy, First Trust NASDAQ Rising Dividend Achievers represents approximately 4.2% of their total holdings, ranking it as their fourth-largest position. By the conclusion of the last quarter, these holdings were valued at around $5,796,000.

Other institutional investors have also recently shifted their investments in First Trust NASDAQ Rising Dividend Achievers. For instance, LPL Financial LLC increased its stake by 4.9% in the third quarter and now owns 20,326,430 shares worth approximately $1,203,528,000. Similarly, International Assets Investment Management LLC markedly enhanced its holdings by 5,796.9%, acquiring an additional 6,687,924 shares, now totaling 6,803,294 shares valued at $402,823,000.

Commonwealth Equity Services LLC elevated its position by 12.9%, bringing its total to 5,230,868 shares, valued at $309,720,000, while Cetera Investment Advisers improved its stake by 10.3% in the second quarter, resulting in ownership of 2,496,225 shares worth $136,668,000. Northwestern Mutual Wealth Management Co. also raised its stake by 4.0% in the same quarter, increasing its holdings to 1,862,913 shares valued at approximately $101,994,000.

Price Performance of First Trust NASDAQ Rising Dividend Achievers

As of the previous trading session, RDVY opened at $62.52, with a market capitalization of $13.52 billion. The stock has shown a price-to-earnings (PE) ratio of 10.08 and a beta of 1.15, indicating moderate volatility relative to the market. Over the past year, RDVY has experienced a low of $50.24 and a high of $64.63, while its current fifty-day moving average price stands at $61.46 and the 200-day moving average at $59.37.

Dividend Announcements from First Trust NASDAQ Rising Dividend Achievers

Additionally, the fund recently announced a dividend that was distributed on December 31st, with a payment of $0.2956 per share for investors on record as of December 13th. The ex-dividend date was also noted on the same day.

Overview of First Trust NASDAQ Rising Dividend Achievers

The First Trust Rising Dividend Achievers ETF (RDVY) aims to track an index of 50 large-cap companies that have histories of increasing high-quality dividends. Managed by First Trust, this ETF was launched on January 6, 2014, and has been positioned as a solid option for investors looking for stable dividend growth.

Investment, ETF, Stocks