Moors & Cabot Inc. Buys 3,012 Shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Moors & Cabot Inc. grew its position in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 65.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,587 shares of the company’s stock after purchasing an additional 3,012 shares during the period. Moors & Cabot Inc.’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $449,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. LPL Financial LLC grew its holdings in 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 buying an additional 953,708 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of First Trust NASDAQ Rising Dividend Achievers in the fourth quarter valued at $593,242,000. Private Advisor Group LLC increased its position in First Trust NASDAQ Rising Dividend Achievers by 11.9% in the fourth quarter. Private Advisor Group LLC now owns 1,835,062 shares of the company’s stock worth $108,526,000 after purchasing an additional 195,213 shares during the last quarter. Stifel Financial Corp raised its stake in First Trust NASDAQ Rising Dividend Achievers by 2.2% during the third quarter. Stifel Financial Corp now owns 1,675,769 shares of the company’s stock valued at $99,224,000 after purchasing an additional 35,479 shares in the last quarter. Finally, HighTower Advisors LLC raised its stake in First Trust NASDAQ Rising Dividend Achievers by 47.3% during the third quarter. HighTower Advisors LLC now owns 1,267,282 shares of the company’s stock valued at $75,007,000 after purchasing an additional 406,747 shares in the last quarter.

First Trust NASDAQ Rising Dividend Achievers Stock Up 2.1 %

Shares of NASDAQ:RDVY opened at $58.45 on Friday. The firm has a fifty day simple moving average of $61.27 and a two-hundred day simple moving average of $60.55. First Trust NASDAQ Rising Dividend Achievers has a 52 week low of $52.78 and a 52 week high of $64.63. The stock has a market capitalization of $12.75 billion, a P/E ratio of 14.78 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Company 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.