Platform Technology Partners Acquires 2,775 Shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Platform Technology Partners raised its holdings in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 21.9% in the third quarter, Holdings Channel reports. The firm owned 15,466 shares of the company’s stock after purchasing an additional 2,775 shares during the period. Platform Technology Partners’ holdings in First Trust NASDAQ Rising Dividend Achievers were worth $916,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. BNP Paribas Financial Markets lifted 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 purchasing an additional 494 shares during the last quarter. Headlands Technologies LLC bought a new stake in shares of First Trust NASDAQ Rising Dividend Achievers in the second quarter valued at $29,000. Kings Path Partners LLC bought a new position in shares of First Trust NASDAQ Rising Dividend Achievers during the 2nd quarter worth $31,000. Russell Investments Group Ltd. bought a new position in shares of First Trust NASDAQ Rising Dividend Achievers during the 1st quarter worth $34,000. Finally, Rothschild Investment LLC purchased a new position in shares of First Trust NASDAQ Rising Dividend Achievers in the second quarter worth about $34,000.

First Trust NASDAQ Rising Dividend Achievers Price Performance

Shares of RDVY stock opened at $63.50 on Tuesday. First Trust NASDAQ Rising Dividend Achievers has a 1 year low of $45.47 and a 1 year high of $63.72. The company’s fifty day simple moving average is $59.03 and its two-hundred day simple moving average is $56.80. The stock has a market capitalization of $13.09 billion, a price-to-earnings ratio of 10.08 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were paid a $0.1912 dividend. The ex-dividend date was Thursday, September 26th. This represents a $0.76 annualized dividend and a yield of 1.20%.

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.