Crumly & Associates Inc. Increases Holdings in First Trust NASDAQ Rising Dividend Achievers

Crumly & Associates Inc. has raised its investment in the First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 7.0% during the fourth quarter. This information was disclosed in their latest Form 13F filing with the Securities and Exchange Commission. Following this increase, the institutional investor now owns 333,940 shares of RDVY after acquiring an additional 21,765 shares during the quarter. This investment represents 5.4% of their entire portfolio, making RDVY their largest holding. As of the recent filing, Crumly & Associates holds 0.15% of the First Trust NASDAQ Rising Dividend Achievers, valued at approximately $19,749,000.

Other institutional investors have also been active in the RDVY market. For instance, LPL Financial LLC increased its holdings by 4.9% in the third quarter and now possesses 20,326,430 shares, worth about $1.20 billion after purchasing an additional 953,708 shares. Similarly, International Assets Investment Management LLC made a significant increase, boosting its stake by an impressive 5,796.9% in the same period, which resulted in ownership of 6,803,294 shares valued at $402,823,000 following an additional purchase of 6,687,924 shares. Furthermore, Private Advisor Group LLC expanded its position by 11.9% in the fourth quarter and currently holds 1,835,062 shares, valued at $108,526,000 after acquiring 195,213 additional shares. Stifel Financial Corp and HighTower Advisors LLC also increased their holdings in RDVY by 2.2% and 47.3%, respectively, during that quarter.

Price Performance of First Trust NASDAQ Rising Dividend Achievers

The shares of NASDAQ:RDVY opened at $62.81 on the most recent trading day. The company has a market capitalization of $13.70 billion, a price-to-earnings (PE) ratio of 10.08, and a beta of 1.15, indicating its volatility compared to the market. The stock has a fifty-day moving average price of $61.24 and a two-hundred day moving average of $60.12. Throughout the past year, RDVY has recorded a low of $51.52 and a high of $64.63.

Dividend Announcement

Additionally, the company announced a dividend that was paid to shareholders on December 31st. Stockholders who were on record as of December 13th received a dividend of $0.2956 per share. The ex-dividend date also fell on December 13th.

About First Trust NASDAQ Rising Dividend Achievers

The First Trust NASDAQ Rising Dividend Achievers ETF (RDVY) is designed to track the NASDAQ US Rising Dividend Achievers Index, which consists of 50 large-cap stocks that have a history of rising, high-quality dividends. This ETF was launched on January 6, 2014, and is managed by First Trust.

Crumly, Investments, ETFs