Wealth Effects LLC Grows Stock Position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Wealth Effects LLC raised its holdings in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 0.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,830 shares of the company’s stock after buying an additional 200 shares during the quarter. First Trust NASDAQ Rising Dividend Achievers makes up approximately 0.7% of Wealth Effects LLC’s holdings, making the stock its 27th largest holding. Wealth Effects LLC’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $2,060,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Sound Income Strategies LLC purchased a new stake in First Trust NASDAQ Rising Dividend Achievers in the fourth quarter valued at approximately $40,000. Sugarloaf Wealth Management LLC acquired a new position in shares of First Trust NASDAQ Rising Dividend Achievers in the 4th quarter valued at $40,000. Eastern Bank purchased a new stake in shares of First Trust NASDAQ Rising Dividend Achievers during the 4th quarter valued at $57,000. Blue Trust Inc. increased its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 2,807.1% during the 4th quarter. Blue Trust Inc. now owns 1,221 shares of the company’s stock worth $72,000 after buying an additional 1,179 shares during the last quarter. Finally, Crewe Advisors LLC raised its position in shares of First Trust NASDAQ Rising Dividend Achievers by 12.5% in the 3rd quarter. Crewe Advisors LLC now owns 1,635 shares of the company’s stock worth $97,000 after buying an additional 182 shares during the period.

First Trust NASDAQ Rising Dividend Achievers Trading Up 0.2 %

RDVY stock opened at $62.64 on Tuesday. The company has a market cap of $13.57 billion, a PE ratio of 10.08 and a beta of 1.15. The stock has a 50-day moving average price of $61.46 and a two-hundred day moving average price of $59.43. First Trust NASDAQ Rising Dividend Achievers has a 12-month low of $50.24 and a 12-month high of $64.63.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The firm also recently declared 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.