Objective Capital Management Invests in First Trust NASDAQ Rising Dividend Achievers

During the third quarter, Objective Capital Management LLC made a significant move by investing in First Trust NASDAQ Rising Dividend Achievers (NASDAQ: RDVY). The firm recently disclosed to the SEC that it acquired a new position by purchasing 34,026 shares of the company's stock. This investment is valued at approximately $2.02 million.

This new investment in First Trust NASDAQ Rising Dividend Achievers now constitutes about 1.2% of Objective Capital Management LLC's total holdings, positioning it as the 24th largest investment in their portfolio.

Other large investors have also shown interest in First Trust NASDAQ Rising Dividend Achievers. For instance, International Assets Investment Management LLC significantly increased its stake by 5,796.9% during the third quarter. After purchasing an additional 6,687,924 shares, it now holds 6,803,294 shares valued at around $402.82 million.

Similarly, Cetera Investment Advisers boosted its holdings by 178.5% in the first quarter, now holding 2,264,096 shares worth $127.17 million after acquiring an additional 1,451,045 shares. Raymond James Financial Services Advisors Inc. increased its position by 18.7% in the second quarter, now owning 6,872,756 shares valued at approximately $376.28 million following the purchase of 1,084,117 shares.

LPL Financial LLC also expanded its shareholding by 3.7% in the second quarter, currently holding 19,372,722 shares valued at $1.06 billion. Finally, Commonwealth Equity Services LLC increased its holdings by 12.9% in the third quarter, now owning 5,230,868 shares worth $309.72 million.

Market Activity for First Trust NASDAQ Rising Dividend Achievers

On recent trading days, shares of First Trust NASDAQ Rising Dividend Achievers have shown slight fluctuations. The stock experienced a small increment of 0.1%, trading up $0.08 to reach $62.81 during midday trading. Approximately 687,627 shares changed hands, which is below its average trading volume of 719,740 shares.

The company holds a market capitalization of $12.95 billion, a PE ratio of 10.08, and a beta of 1.15, indicating its volatility in the market. In the past year, the stock has seen a low of $45.15 and a high of $63.51.

Dividend Announcement

Recently, the company declared a quarterly dividend, which was paid out on September 30th. Shareholders who were registered as of September 26th received a dividend of $0.1912 per share. This dividend translates to an annualized figure of $0.76 and a yield of 1.22%. The ex-dividend date was also September 26th.

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 ETF focuses on 50 large-cap companies that consistently provide high-quality dividends. Managed by First Trust, this investment fund was launched on January 6, 2014.

Investment Considerations

As always, potential investors are encouraged to consider different factors before investing. Current analyses suggest that while First Trust NASDAQ Rising Dividend Achievers holds a "Hold" rating, there may be other stocks that present better buying opportunities. Hence, research and consultation with financial advisors are advisable.

Investment, Dividends, ETFs