Cornerstone Wealth Management LLC Buys 7,446 Shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Cornerstone Wealth Management LLC boosted its position in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 9.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 83,096 shares of the company’s stock after acquiring an additional 7,446 shares during the period. Cornerstone Wealth Management LLC’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $4,668,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC raised its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 5,519.6% in the 4th quarter. International Assets Investment Management LLC now owns 6,615,517 shares of the company’s stock worth $341,824,000 after buying an additional 6,497,795 shares in the last quarter. Global Assets Advisory LLC raised its stake in First Trust NASDAQ Rising Dividend Achievers by 5,315.6% during the first quarter. Global Assets Advisory LLC now owns 4,216,002 shares of the company’s stock worth $236,813,000 after acquiring an additional 4,138,153 shares in the last quarter. Morgan Stanley lifted its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 8.1% during the third quarter. Morgan Stanley now owns 12,995,589 shares of the company’s stock valued at $597,147,000 after acquiring an additional 969,819 shares during the period. Commonwealth Equity Services LLC boosted its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 30.6% in the 4th quarter. Commonwealth Equity Services LLC now owns 3,989,267 shares of the company’s stock valued at $206,125,000 after purchasing an additional 933,923 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. grew its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 10.6% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 5,803,282 shares of the company’s stock worth $299,856,000 after purchasing an additional 557,879 shares during the last quarter.

First Trust NASDAQ Rising Dividend Achievers Stock Down 0.1 %

NASDAQ:RDVY traded down $0.07 on Thursday, reaching $54.88. The stock had a trading volume of 506,397 shares, compared to its average volume of 739,188. The company has a market capitalization of $10.39 billion, a P/E ratio of 10.08 and a beta of 1.15. First Trust NASDAQ Rising Dividend Achievers has a 1-year low of $43.30 and a 1-year high of $56.28. The stock has a fifty day moving average price of $54.77 and a 200-day moving average price of $53.47.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, June 27th were issued a $0.2616 dividend. This represents a $1.05 annualized dividend and a dividend yield of 1.91%. The ex-dividend date was Thursday, June 27th.

First Trust NASDAQ Rising Dividend Achievers Profile

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.