Cottonwood Capital Advisors LLC's Position in First Trust NASDAQ Rising Dividend Achievers

Cottonwood Capital Advisors LLC has recently adjusted its investment in the First Trust NASDAQ Rising Dividend Achievers ETF (NASDAQ: RDVY). According to the firm's latest Form 13F filing with the Securities and Exchange Commission, Cottonwood lowered its position in RDVY by 4.5% during the fourth quarter. After selling 4,639 shares, the firm now holds 98,004 shares of the ETF.

RDVY represents about 4.2% of Cottonwood's total holdings, making it the firm's fourth largest investment. As of the end of the last quarter, these holdings were valued at approximately $5,796,000.

Additionally, other institutional investors have been actively managing their positions in First Trust NASDAQ Rising Dividend Achievers. For instance, LPL Financial LLC increased its stake by 4.9% in the third quarter, bringing its total to 20,326,430 shares worth about $1.2 billion after acquiring 953,708 shares during that period.

International Assets Investment Management LLC saw the most significant growth, increasing its holdings by a remarkable 5,796.9% in the same quarter, accumulating 6,803,294 shares valued at approximately $402.8 million after purchasing an additional 6,687,924 shares.

Commonwealth Equity Services LLC also reported a 12.9% increase in its position, now holding 5,230,868 shares worth around $309.7 million after acquiring 596,099 additional shares. Similarly, Cetera Investment Advisers expanded its investment by 10.3% in the second quarter, now possessing 2,496,225 shares valued at $136.7 million. Northwestern Mutual Wealth Management Co. raised its stake by 4.0%, acquiring 71,047 additional shares, bringing its total to 1,862,913 shares valued at approximately $102 million.

First Trust NASDAQ Rising Dividend Achievers Price Performance

As of the latest trading session, RDVY opened at $62.52. The ETF boasts a significant market capitalization of $13.52 billion, with a PE ratio of 10.08 and a beta of 1.15. The stock's performance over the past year has seen a low of $50.24 and a high of $64.63. Investors watch the fifty-day moving average, currently $61.46, and the 200-day moving average, at $59.37, for trends in price movement.

First Trust NASDAQ Rising Dividend Achievers Dividend Announcement

The company also recently announced a dividend payment, which was distributed on December 31. Investors who were on record as of December 13 received a dividend of $0.2956 per share. The ex-dividend date was also noted as December 13.

About First Trust NASDAQ Rising Dividend Achievers

The First Trust NASDAQ Rising Dividend Achievers ETF (RDVY) is an exchange-traded fund that tracks the NASDAQ US Rising Dividend Achievers Index. This index includes 50 large-cap stocks known for their high-quality, rising dividends. Launched on January 6, 2014, this ETF is managed by First Trust.

Cottonwood, Dividend, Investment