Great Valley Advisor Group Inc. Acquires 887 Shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Great Valley Advisor Group Inc. grew its stake in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 2.5% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 36,036 shares of the company’s stock after purchasing an additional 887 shares during the quarter. Great Valley Advisor Group Inc.’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $2,134,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Consolidated Portfolio Review Corp grew its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 7.9% during the second quarter. Consolidated Portfolio Review Corp now owns 118,045 shares of the company’s stock valued at $6,463,000 after buying an additional 8,618 shares during the last quarter. Williams Financial LLC acquired a new position in shares of First Trust NASDAQ Rising Dividend Achievers in the 2nd quarter valued at $765,000. Atria Investments Inc increased its position in shares of First Trust NASDAQ Rising Dividend Achievers by 28.0% during the 1st quarter. Atria Investments Inc now owns 97,657 shares of the company’s stock worth $5,485,000 after purchasing an additional 21,379 shares in the last quarter. Raymond James & Associates raised its holdings in First Trust NASDAQ Rising Dividend Achievers by 2.3% during the 2nd quarter. Raymond James & Associates now owns 2,818,055 shares of the company’s stock worth $154,289,000 after buying an additional 64,200 shares during the period. Finally, Spectrum Wealth Advisory Group LLC purchased a new position in First Trust NASDAQ Rising Dividend Achievers during the 3rd quarter valued at about $12,392,000.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

Shares of RDVY stock opened at $63.72 on Monday. The firm has a market capitalization of $13.14 billion, a P/E ratio of 10.08 and a beta of 1.15. First Trust NASDAQ Rising Dividend Achievers has a 52-week low of $47.18 and a 52-week high of $63.78. The stock has a 50 day moving average price of $60.18 and a 200 day moving average price of $57.37.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were issued a dividend of $0.1912 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date was Thursday, September 26th.

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.