Affinity Wealth Management LLC Acquires 6,919 Shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Affinity Wealth Management LLC boosted its holdings in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 1.3% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 525,929 shares of the company’s stock after acquiring an additional 6,919 shares during the quarter. First Trust NASDAQ Rising Dividend Achievers makes up approximately 5.5% of Affinity Wealth Management LLC’s holdings, making the stock its 6th biggest holding. Affinity Wealth Management LLC’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $31,140,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of RDVY. BNP Paribas Financial Markets boosted its stake in First Trust NASDAQ Rising Dividend Achievers by 24,700.0% in the first quarter. BNP Paribas Financial Markets now owns 496 shares of the company’s stock valued at $28,000 after buying an additional 494 shares in the last quarter. Headlands Technologies LLC bought a new position in First Trust NASDAQ Rising Dividend Achievers in the second quarter valued at about $29,000. Kings Path Partners LLC bought a new position in First Trust NASDAQ Rising Dividend Achievers in the second quarter valued at about $31,000. Russell Investments Group Ltd. bought a new position in First Trust NASDAQ Rising Dividend Achievers in the first quarter valued at about $34,000. Finally, Rothschild Investment LLC bought a new position in First Trust NASDAQ Rising Dividend Achievers in the second quarter valued at about $34,000.

First Trust NASDAQ Rising Dividend Achievers Stock Up 0.1 %

First Trust NASDAQ Rising Dividend Achievers stock traded up $0.07 during trading hours on Monday, hitting $60.18. The stock had a trading volume of 114,150 shares, compared to its average volume of 722,226. The stock has a market cap of $12.32 billion, a price-to-earnings ratio of 10.08 and a beta of 1.15. First Trust NASDAQ Rising Dividend Achievers has a one year low of $43.30 and a one year high of $60.32. The business’s 50 day simple moving average is $57.52 and its 200-day simple moving average is $56.00.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were given a $0.1912 dividend. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $0.76 annualized dividend and a yield of 1.27%.

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.