Envestnet Portfolio Solutions Increases Stake in First Trust NASDAQ Rising Dividend Achievers

Envestnet Portfolio Solutions Inc. has increased its investment in the First Trust NASDAQ Rising Dividend Achievers (NASDAQ: RDVY) by 8.9% during the fourth quarter, based on the latest 13F filing with the Securities and Exchange Commission. Following the purchase of an additional 19,525 shares, Envestnet now owns a total of 237,697 shares of RDVY. This stake is valued at approximately $14,057,000, which accounts for 0.11% of the fund.

Other institutional investors have also adjusted their holdings in RDVY. For instance, Spectrum Wealth Advisory Group LLC established a new position in the third quarter with an investment of around $12,392,000. D.A. Davidson & Co. has increased its position by 4.5%, bringing its total to 674,180 shares valued at $39,918,000 after purchasing an additional 29,294 shares. Additionally, Elios Financial Group Inc. made a new investment worth approximately $6,731,000 during the same period. Claro Advisors LLC raised its stake by 29.3%, now possessing 62,771 shares valued at $3,717,000 after acquiring an extra 14,235 shares. Finally, ORG Partners LLC significantly boosted its investment by 259.3% in the fourth quarter, ending up with 202,120 shares worth about $11,953,000 after an acquisition of 145,866 shares.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

As of Monday, NASDAQ: RDVY opened at $58.45. The stock features a 50-day moving average price of $61.27 and a two-hundred-day moving average price of $60.57. RDVY has experienced a twelve-month low of $52.78 and a high of $64.63. The market capitalization stands at $12.75 billion, with a price-to-earnings ratio of 14.78 and a beta of 1.15.

About First Trust NASDAQ Rising Dividend Achievers

The First Trust Rising Dividend Achievers ETF (RDVY) is designed to track the NASDAQ US Rising Dividend Achievers index. This exchange-traded fund focuses on an index consisting of 50 large-cap stocks that are recognized for their rising and high-quality dividends. RDVY was launched on January 6, 2014, and is managed by First Trust.

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