Sovran Advisors LLC Makes New Investment in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Sovran Advisors LLC purchased a new stake in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 10,075 shares of the company’s stock, valued at approximately $610,000.

Several other institutional investors have also modified their holdings of RDVY. Sound Income Strategies LLC purchased a new position in First Trust NASDAQ Rising Dividend Achievers in the 4th quarter valued at approximately $40,000. Sugarloaf Wealth Management LLC acquired a new stake in First Trust NASDAQ Rising Dividend Achievers in the fourth quarter valued at $40,000. Eastern Bank purchased a new position in shares of First Trust NASDAQ Rising Dividend Achievers in the fourth quarter valued at $57,000. Blue Trust Inc. raised its stake 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 stake in shares of First Trust NASDAQ Rising Dividend Achievers by 12.5% during 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 last quarter.

First Trust NASDAQ Rising Dividend Achievers Trading Up 0.1 %

Shares of NASDAQ RDVY opened at $62.43 on Wednesday. The company’s 50-day moving average price is $61.27 and its 200 day moving average price is $59.86. First Trust NASDAQ Rising Dividend Achievers has a 52 week low of $50.24 and a 52 week high of $64.63. The stock has a market cap of $13.62 billion, a price-to-earnings ratio of 10.08 and a beta of 1.15.

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 issued a $0.2956 dividend. The ex-dividend date 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.