BlueChip Wealth Advisors LLC Purchases 1,140 Shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

BlueChip Wealth Advisors LLC raised its position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 1.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 80,471 shares of the company’s stock after buying an additional 1,140 shares during the period. First Trust NASDAQ Rising Dividend Achievers accounts for about 2.6% of BlueChip Wealth Advisors LLC’s investment portfolio, making the stock its 11th biggest position. BlueChip Wealth Advisors LLC’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $4,759,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of RDVY. Cullen Frost Bankers Inc. acquired a new stake in shares of First Trust NASDAQ Rising Dividend Achievers in the fourth quarter valued at approximately $25,000. Graney & King LLC acquired a new position in shares of First Trust NASDAQ Rising Dividend Achievers during the fourth quarter valued at $27,000. Sugarloaf Wealth Management LLC acquired a new stake in First Trust NASDAQ Rising Dividend Achievers in the fourth quarter worth about $40,000. Sound Income Strategies LLC bought a new stake in First Trust NASDAQ Rising Dividend Achievers during the 4th quarter worth about $40,000. Finally, Eastern Bank acquired a new position in First Trust NASDAQ Rising Dividend Achievers during the 4th quarter valued at about $57,000.

First Trust NASDAQ Rising Dividend Achievers Price Performance

Shares of NASDAQ:RDVY opened at $58.03 on Friday. The company has a 50 day moving average of $60.99 and a 200-day moving average of $60.64. First Trust NASDAQ Rising Dividend Achievers has a one year low of $52.78 and a one year high of $64.63. The stock has a market cap of $13.20 billion, a price-to-earnings ratio of 14.89 and a beta of 1.14.

First Trust NASDAQ Rising Dividend Achievers Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 27th will be paid a dividend of $0.2544 per share. The ex-dividend date of this dividend is Thursday, March 27th. This is a boost from First Trust NASDAQ Rising Dividend Achievers’s previous quarterly dividend of $0.19. This represents a $1.02 dividend on an annualized basis and a dividend yield of 1.75%.

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.