CreativeOne Wealth Increases Stake in First Trust NASDAQ Rising Dividend Achievers

CreativeOne Wealth LLC significantly increased its holdings in the First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by an impressive 295.6% during the third quarter, according to their latest report filed with the Securities and Exchange Commission (SEC). Following their activity in the quarter, the fund now owns a total of 44,098 shares of the company's stock, which includes an additional purchase of 32,950 shares.

As of the most recent filing, CreativeOne Wealth LLC's investment in First Trust NASDAQ Rising Dividend Achievers is valued at around $2,611,000.

In addition to CreativeOne Wealth LLC, several other institutional investors and hedge funds have also made notable changes to their positions in the same period. For instance, LPL Financial LLC raised its stake in the First Trust NASDAQ Rising Dividend Achievers by 4.9% during the third quarter, accumulating 20,326,430 shares valued at $1,203,528,000 after acquiring an additional 953,708 shares in the previous quarter.

Another significant investment came from Raymond James Financial Services Advisors Inc., which increased its holdings by 18.7% during the second quarter and now owns 6,872,756 shares worth $376,283,000, after gaining 1,084,117 shares recently.

Furthermore, International Assets Investment Management LLC made a massive jump of 5,796.9% in their holdings during the third quarter, now owning 6,803,294 shares valued at approximately $402,823,000 after acquiring 6,687,924 additional shares.

Meanwhile, Commonwealth Equity Services LLC also lifted its position by 12.9% during the same quarter, holding 5,230,868 shares worth about $309,720,000 after an added acquisition of 596,099 shares.

Lastly, Envestnet Asset Management Inc. raised its ownership by 5.2% in the second quarter, now holding 3,209,445 shares valued at $175,717,000 following an additional purchase of 159,003 shares.

Current Stock Performance of First Trust NASDAQ Rising Dividend Achievers

The shares of RDVY opened at $64.06 on Thursday. Currently, the average price over the last 50 days stands at $60.56, while the 200-day moving average is $57.57. Over the past year, the stock reached a low of $47.18 and a high of $64.63, reflecting its market cap of $13.21 billion, a P/E ratio of 10.08, and a beta of 1.15.

Dividend Announcement from First Trust NASDAQ Rising Dividend Achievers

Recently, the company announced its quarterly dividend, which was paid on September 30th. Stockholders of record on September 26th received a dividend of $0.1912. The ex-dividend date was also set for September 26th. This results in an annualized dividend of $0.76, producing a yield of 1.19%.

About First Trust NASDAQ Rising Dividend Achievers

The First Trust Rising Dividend Achievers ETF (RDVY) is linked to the NASDAQ US Rising Dividend Achievers index. It tracks a selection of 50 large-cap stocks known for their rising, high-quality dividends. The fund was established on January 6, 2014, and is managed by First Trust.

Investments, Dividends, ETFs