MidAtlantic Capital Management Inc. Acquires Shares of 1,945 First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

MidAtlantic Capital Management Inc. acquired a new stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 1,945 shares of the company’s stock, valued at approximately $115,000.

Other institutional investors also recently bought and sold shares of the company. BNP Paribas Financial Markets lifted its position in shares of 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 acquiring an additional 494 shares in the last quarter. Headlands Technologies LLC purchased a new position in shares of First Trust NASDAQ Rising Dividend Achievers in the second quarter valued at approximately $29,000. Kings Path Partners LLC purchased a new position in shares of First Trust NASDAQ Rising Dividend Achievers in the second quarter valued at approximately $31,000. Russell Investments Group Ltd. purchased a new position in shares of First Trust NASDAQ Rising Dividend Achievers in the first quarter valued at approximately $34,000. Finally, Rothschild Investment LLC purchased a new position in shares of First Trust NASDAQ Rising Dividend Achievers in the second quarter valued at approximately $34,000.

First Trust NASDAQ Rising Dividend Achievers Price Performance

NASDAQ RDVY opened at $61.90 on Monday. The company has a market cap of $12.76 billion, a PE ratio of 10.08 and a beta of 1.15. The stock’s 50 day simple moving average is $59.58 and its 200-day simple moving average is $57.11. First Trust NASDAQ Rising Dividend Achievers has a 1-year low of $46.60 and a 1-year high of $63.72.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were given a $0.1912 dividend. The ex-dividend date was Thursday, September 26th. This represents a $0.76 annualized dividend and a dividend yield of 1.24%.

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.