Traction Financial Partners LLC Increases Stock Holdings in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Traction Financial Partners LLC grew its holdings in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 4.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 212,998 shares of the company’s stock after buying an additional 8,364 shares during the period. First Trust NASDAQ Rising Dividend Achievers accounts for approximately 9.8% of Traction Financial Partners LLC’s holdings, making the stock its 3rd biggest position. Traction Financial Partners LLC owned 0.10% of First Trust NASDAQ Rising Dividend Achievers worth $12,597,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of RDVY. Sound Income Strategies LLC bought a new position in First Trust NASDAQ Rising Dividend Achievers in the 4th quarter worth about $40,000. Sugarloaf Wealth Management LLC bought a new position in First Trust NASDAQ Rising Dividend Achievers in the 4th quarter worth about $40,000. Eastern Bank bought a new position in First Trust NASDAQ Rising Dividend Achievers in the 4th quarter worth about $57,000. Blue Trust Inc. boosted its stake in First Trust NASDAQ Rising Dividend Achievers by 2,807.1% in the 4th quarter. Blue Trust Inc. now owns 1,221 shares of the company’s stock worth $72,000 after purchasing an additional 1,179 shares in the last quarter. Finally, Crewe Advisors LLC boosted its stake in 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 purchasing an additional 182 shares in the last quarter.

First Trust NASDAQ Rising Dividend Achievers Price Performance

Shares of First Trust NASDAQ Rising Dividend Achievers stock opened at $62.64 on Tuesday. The stock has a market cap of $13.66 billion, a price-to-earnings ratio of 10.08 and a beta of 1.15. The firm’s 50-day moving average is $61.18 and its 200 day moving average is $59.98. First Trust NASDAQ Rising Dividend Achievers has a 1 year low of $51.39 and a 1 year high of $64.63.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

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