RFG Bristol Wealth Advisors LLC Buys Shares of 30,183 First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

RFG Bristol Wealth Advisors LLC purchased a new position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 30,183 shares of the company’s stock, valued at approximately $1,785,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Cullen Frost Bankers Inc. purchased a new position in First Trust NASDAQ Rising Dividend Achievers in the fourth quarter valued at about $25,000. Graney & King LLC bought a new stake in shares of First Trust NASDAQ Rising Dividend Achievers in the 4th quarter valued at about $27,000. Sugarloaf Wealth Management LLC purchased a new position in shares of First Trust NASDAQ Rising Dividend Achievers in the 4th quarter worth approximately $40,000. Sound Income Strategies LLC bought a new position in shares of First Trust NASDAQ Rising Dividend Achievers during the 4th quarter worth approximately $40,000. Finally, O Shaughnessy Asset Management LLC lifted its position in First Trust NASDAQ Rising Dividend Achievers by 169.0% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 901 shares of the company’s stock valued at $53,000 after acquiring an additional 566 shares during the last quarter.

First Trust NASDAQ Rising Dividend Achievers Stock Up 0.4 %

Shares of RDVY opened at $58.79 on Wednesday. The company has a 50 day moving average of $60.84 and a two-hundred day moving average of $60.73. First Trust NASDAQ Rising Dividend Achievers has a twelve month low of $52.78 and a twelve month high of $64.63. The company has a market cap of $12.83 billion, a price-to-earnings ratio of 14.89 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were given a $0.2544 dividend. This is a boost from First Trust NASDAQ Rising Dividend Achievers’s previous quarterly dividend of $0.19. The ex-dividend date was Thursday, March 27th. This represents a $1.02 dividend on an annualized basis and a dividend yield of 1.73%.

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.