Arvest Investments Inc. Purchases 1,066 Shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Arvest Investments Inc. grew its position in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 2.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 52,752 shares of the company’s stock after purchasing an additional 1,066 shares during the quarter. Arvest Investments Inc.’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $3,120,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. LPL Financial LLC increased its position in shares of First Trust NASDAQ Rising Dividend Achievers by 4.9% during the 3rd quarter. LPL Financial LLC now owns 20,326,430 shares of the company’s stock valued at $1,203,528,000 after purchasing an additional 953,708 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of First Trust NASDAQ Rising Dividend Achievers during the 4th quarter valued at about $593,242,000. Commonwealth Equity Services LLC increased its position in shares of First Trust NASDAQ Rising Dividend Achievers by 7.8% during the 4th quarter. Commonwealth Equity Services LLC now owns 5,640,003 shares of the company’s stock valued at $333,550,000 after purchasing an additional 409,135 shares during the last quarter. Kestra Advisory Services LLC increased its position in shares of First Trust NASDAQ Rising Dividend Achievers by 1.8% during the 4th quarter. Kestra Advisory Services LLC now owns 2,572,894 shares of the company’s stock valued at $152,161,000 after purchasing an additional 46,729 shares during the last quarter. Finally, Private Advisor Group LLC increased its position in shares of First Trust NASDAQ Rising Dividend Achievers by 11.9% during the 4th quarter. Private Advisor Group LLC now owns 1,835,062 shares of the company’s stock valued at $108,526,000 after purchasing an additional 195,213 shares during the last quarter.

First Trust NASDAQ Rising Dividend Achievers Price Performance

RDVY opened at $59.33 on Thursday. The stock’s 50 day simple moving average is $61.21 and its 200 day simple moving average is $60.56. First Trust NASDAQ Rising Dividend Achievers has a 1 year low of $52.78 and a 1 year high of $64.63. The firm has a market cap of $12.94 billion, a price-to-earnings ratio of 14.78 and a beta of 1.15.

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.