CreativeOne Wealth LLC Increases Stake in First Trust NASDAQ Rising Dividend Achievers

During the third quarter, CreativeOne Wealth LLC significantly increased its investment in the First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by an impressive 295.6%. This information was disclosed in the firm’s recent filing with the Securities and Exchange Commission (SEC). Following the purchase of an additional 32,950 shares, CreativeOne now holds a total of 44,098 shares in the company. As of the latest SEC filing, the total value of CreativeOne's holdings in the First Trust NASDAQ Rising Dividend Achievers amounts to approximately $2,611,000.

In addition to CreativeOne Wealth, several other institutional investors have recently adjusted their positions regarding the First Trust NASDAQ Rising Dividend Achievers. For instance, LPL Financial LLC increased its stake in the fund by 4.9% during the same quarter, owning now 20,326,430 shares valued at around $1,203,528,000 after acquiring 953,708 additional shares. Similarly, Raymond James Financial Services Advisors Inc. raised its holdings by 18.7%, bringing its total to 6,872,756 shares worth approximately $376,283,000 after purchasing an additional 1,084,117 shares in the prior quarter. International Assets Investment Management LLC made an even more substantial jump, increasing its position by 5,796.9% in the third quarter and now possesses 6,803,294 shares valued at about $402,823,000 after a purchase of 6,687,924 additional shares. Other firms, including Commonwealth Equity Services LLC and Envestnet Asset Management Inc., also raised their ownership stakes in the First Trust NASDAQ Rising Dividend Achievers, showcasing a trend of increasing institutional confidence in this financial product.

Current Stock Performance of First Trust NASDAQ Rising Dividend Achievers

As of Thursday, shares of RDVY opened at $64.06. The stock's 50-day moving average is $60.56, while its 200-day moving average stands at $57.57. Over the past year, RDVY has experienced a low of $47.18 and a high of $64.63. The company's current market capitalization is approximately $13.21 billion, with a price-to-earnings (P/E) ratio of 10.08 and a beta of 1.15, suggesting relatively stable performance compared to the overall market.

Recent Dividend Announcement from First Trust NASDAQ Rising Dividend Achievers

Recently, the company announced a quarterly dividend payout which was disbursed on September 30th. The dividend of $0.1912 was issued to shareholders who were on record as of September 26th, with this date also serving as the ex-dividend date. This results in an annualized dividend total of $0.76, translating to a dividend yield of 1.19%.

Overview of First Trust NASDAQ Rising Dividend Achievers

The First Trust NASDAQ Rising Dividend Achievers ETF (RDVY) is designed to mirror the performance of the NASDAQ US Rising Dividend Achievers Index. This exchange-traded fund (ETF) is composed of 50 large-cap companies distinguished by their consistent and high-quality dividend payments. Established on January 6, 2014, RDVY is managed by First Trust.

Considerations for Investors

As the market evolves, potential investors may wish to evaluate whether investing in First Trust NASDAQ Rising Dividend Achievers aligns with their financial goals. Although current analyst ratings indicate a 'Hold' position for RDVY, there may be alternative investment opportunities that could yield better returns for those looking to diversify their portfolios.

investment, dividend, stocks