Alliance Wealth Advisors LLC Grows Stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Alliance Wealth Advisors LLC increased its holdings in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 3.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 54,680 shares of the company’s stock after purchasing an additional 1,813 shares during the period. First Trust NASDAQ Rising Dividend Achievers makes up 1.8% of Alliance Wealth Advisors LLC’s investment portfolio, making the stock its 10th biggest holding. Alliance Wealth Advisors LLC’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $3,238,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. Prism Advisors Inc. boosted its position in First Trust NASDAQ Rising Dividend Achievers by 15.5% during the third quarter. Prism Advisors Inc. now owns 26,920 shares of the company’s stock worth $1,594,000 after purchasing an additional 3,621 shares during the period. Braun Bostich & Associates Inc. lifted its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 24.5% in the third quarter. Braun Bostich & Associates Inc. now owns 63,788 shares of the company’s stock worth $3,777,000 after buying an additional 12,559 shares during the last quarter. EdgeRock Capital LLC boosted its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 68.6% during the 3rd quarter. EdgeRock Capital LLC now owns 36,869 shares of the company’s stock worth $2,183,000 after buying an additional 15,004 shares during the period. Lynch & Associates IN grew its stake in First Trust NASDAQ Rising Dividend Achievers by 15.2% in the 3rd quarter. Lynch & Associates IN now owns 9,879 shares of the company’s stock valued at $585,000 after buying an additional 1,305 shares during the last quarter. Finally, PFG Advisors raised its holdings in First Trust NASDAQ Rising Dividend Achievers by 2.9% in the 3rd quarter. PFG Advisors now owns 187,487 shares of the company’s stock worth $11,101,000 after acquiring an additional 5,230 shares during the period.

First Trust NASDAQ Rising Dividend Achievers Price Performance

First Trust NASDAQ Rising Dividend Achievers stock opened at $60.48 on Thursday. The firm has a market cap of $12.38 billion, a price-to-earnings ratio of 10.08 and a beta of 1.15. The firm has a fifty day moving average price of $57.90 and a two-hundred day moving average price of $56.09. First Trust NASDAQ Rising Dividend Achievers has a fifty-two week low of $43.30 and a fifty-two week high of $60.90.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were paid a dividend of $0.1912 per share. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $0.76 annualized dividend and a yield of 1.26%.

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.