Thurston Springer Miller Herd & Titak Inc. Buys 31,000 Shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 102.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 61,301 shares of the company’s stock after purchasing an additional 31,000 shares during the period. First Trust NASDAQ Rising Dividend Achievers accounts for 0.7% of Thurston Springer Miller Herd & Titak Inc.’s investment portfolio, making the stock its 21st biggest holding. Thurston Springer Miller Herd & Titak Inc.’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $3,625,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of RDVY. Headlands Technologies LLC purchased a new stake in First Trust NASDAQ Rising Dividend Achievers in the second quarter worth $29,000. Sugarloaf Wealth Management LLC purchased a new stake in First Trust NASDAQ Rising Dividend Achievers in the 4th quarter worth about $40,000. Eastern Bank bought a new stake in First Trust NASDAQ Rising Dividend Achievers in the 4th quarter valued at about $57,000. Crewe Advisors LLC lifted its holdings in 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 last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in First Trust NASDAQ Rising Dividend Achievers during the third quarter worth about $104,000.

First Trust NASDAQ Rising Dividend Achievers Stock Up 1.2 %

NASDAQ RDVY opened at $60.56 on Wednesday. The firm has a market cap of $13.01 billion, a P/E ratio of 10.08 and a beta of 1.15. The company’s 50 day moving average is $61.54 and its 200-day moving average is $59.01. First Trust NASDAQ Rising Dividend Achievers has a 12-month low of $49.60 and a 12-month high of $64.63.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were given a dividend of $0.2956 per share. The ex-dividend date was Friday, December 13th.

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.