Sovereign Financial Group Inc. Increases Position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Sovereign Financial Group Inc. grew its holdings in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 2.5% during the fourth quarter, HoldingsChannel reports. The firm owned 117,621 shares of the company’s stock after acquiring an additional 2,859 shares during the period. First Trust NASDAQ Rising Dividend Achievers comprises about 1.6% of Sovereign Financial Group Inc.’s investment portfolio, making the stock its 13th biggest holding. Sovereign Financial Group Inc.’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $6,956,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also bought and sold shares of the business. LPL Financial LLC increased its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 4.9% in the third 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. International Assets Investment Management LLC increased its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 5,796.9% in the 3rd quarter. International Assets Investment Management LLC now owns 6,803,294 shares of the company’s stock worth $402,823,000 after acquiring an additional 6,687,924 shares during the last quarter. Commonwealth Equity Services LLC raised its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 12.9% during the 3rd quarter. Commonwealth Equity Services LLC now owns 5,230,868 shares of the company’s stock worth $309,720,000 after acquiring an additional 596,099 shares during the period. Cetera Investment Advisers boosted its position in shares of First Trust NASDAQ Rising Dividend Achievers by 10.3% during the 2nd quarter. Cetera Investment Advisers now owns 2,496,225 shares of the company’s stock valued at $136,668,000 after acquiring an additional 232,129 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 4.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,862,913 shares of the company’s stock valued at $101,994,000 after purchasing an additional 71,047 shares during the period.

First Trust NASDAQ Rising Dividend Achievers Trading Up 1.2 %

First Trust NASDAQ Rising Dividend Achievers stock opened at $60.56 on Wednesday. The company has a 50-day moving average price of $61.54 and a 200 day moving average price of $59.01. First Trust NASDAQ Rising Dividend Achievers has a 12-month low of $49.60 and a 12-month high of $64.63. The stock has a market cap of $13.01 billion, a P/E ratio of 10.08 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were issued a dividend of $0.2956 per share. The ex-dividend date was Friday, December 13th.

About First Trust NASDAQ Rising Dividend Achievers

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.