Synergy Asset Management LLC Invests $148,000 in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Synergy Asset Management LLC bought a new stake in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 2,505 shares of the company’s stock, valued at approximately $148,000.

Other hedge funds also recently bought and sold shares of the company. Sound Income Strategies LLC purchased a new position in shares of First Trust NASDAQ Rising Dividend Achievers in the fourth quarter valued at about $40,000. Sugarloaf Wealth Management LLC purchased a new position in First Trust NASDAQ Rising Dividend Achievers in the 4th quarter worth approximately $40,000. Eastern Bank bought a new position in First Trust NASDAQ Rising Dividend Achievers in the 4th quarter worth approximately $57,000. Blue Trust Inc. raised its position in shares of First Trust NASDAQ Rising Dividend Achievers by 2,807.1% during the fourth quarter. Blue Trust Inc. now owns 1,221 shares of the company’s stock valued at $72,000 after buying an additional 1,179 shares during the last quarter. Finally, Crewe Advisors LLC lifted its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 12.5% in the third quarter. Crewe Advisors LLC now owns 1,635 shares of the company’s stock worth $97,000 after buying an additional 182 shares in the last quarter.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

Shares of NASDAQ:RDVY opened at $63.23 on Friday. The firm has a market cap of $13.75 billion, a price-to-earnings ratio of 10.08 and a beta of 1.15. The firm has a fifty day moving average price of $61.50 and a 200 day moving average price of $59.55. First Trust NASDAQ Rising Dividend Achievers has a fifty-two week low of $50.24 and a fifty-two week high of $64.63.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

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

First Trust NASDAQ Rising Dividend Achievers 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.