Sugarloaf Wealth Management LLC Makes New Investment in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Sugarloaf Wealth Management LLC purchased a new position in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 676 shares of the company’s stock, valued at approximately $40,000.

Several other large investors also recently modified their holdings of the stock. Financial Services Advisory Inc lifted its position in shares of First Trust NASDAQ Rising Dividend Achievers by 1.2% during the 3rd quarter. Financial Services Advisory Inc now owns 14,883 shares of the company’s stock valued at $881,000 after acquiring an additional 170 shares during the period. Crewe Advisors LLC raised its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 12.5% during the third quarter. Crewe Advisors LLC now owns 1,635 shares of the company’s stock valued at $97,000 after purchasing an additional 182 shares during the period. L & S Advisors Inc boosted its position in shares of First Trust NASDAQ Rising Dividend Achievers by 1.0% during the 3rd quarter. L & S Advisors Inc now owns 19,350 shares of the company’s stock worth $1,146,000 after purchasing an additional 197 shares in the last quarter. Wills Financial Group Inc. grew its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 4.9% in the 3rd quarter. Wills Financial Group Inc. now owns 4,544 shares of the company’s stock valued at $269,000 after buying an additional 213 shares during the period. Finally, PFG Investments LLC increased its position in First Trust NASDAQ Rising Dividend Achievers by 4.0% in the 3rd quarter. PFG Investments LLC now owns 7,426 shares of the company’s stock valued at $440,000 after buying an additional 285 shares in the last quarter.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

RDVY stock opened at $58.93 on Friday. First Trust NASDAQ Rising Dividend Achievers has a fifty-two week low of $49.60 and a fifty-two week high of $64.63. The stock’s 50 day simple moving average is $61.51 and its 200 day simple moving average is $58.87. The company has a market cap of $12.66 billion, a P/E ratio of 10.08 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were issued a $0.2956 dividend. The ex-dividend date of this dividend was Friday, December 13th.

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.