Uniting Wealth Partners LLC Takes $225,000 Position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Uniting Wealth Partners LLC bought a new position in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 3,810 shares of the company’s stock, valued at approximately $225,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. MBE Wealth Management LLC lifted its position in First Trust NASDAQ Rising Dividend Achievers by 4.2% during the fourth quarter. MBE Wealth Management LLC now owns 4,057 shares of the company’s stock worth $240,000 after acquiring an additional 163 shares during the last quarter. Trueblood Wealth Management LLC boosted its stake in First Trust NASDAQ Rising Dividend Achievers by 1.4% in the 4th quarter. Trueblood Wealth Management LLC now owns 12,233 shares of the company’s stock valued at $723,000 after purchasing an additional 167 shares during the period. Pacific Sun Financial Corp grew its holdings in First Trust NASDAQ Rising Dividend Achievers by 2.9% in the 4th quarter. Pacific Sun Financial Corp now owns 6,090 shares of the company’s stock valued at $360,000 after buying an additional 170 shares in the last quarter. Wealth Effects LLC increased its position in First Trust NASDAQ Rising Dividend Achievers by 0.6% during the 4th quarter. Wealth Effects LLC now owns 34,830 shares of the company’s stock worth $2,060,000 after buying an additional 200 shares during the period. Finally, Hazlett Burt & Watson Inc. lifted its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 27.2% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 949 shares of the company’s stock worth $57,000 after buying an additional 203 shares in the last quarter.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

RDVY stock opened at $59.22 on Thursday. First Trust NASDAQ Rising Dividend Achievers has a 52 week low of $52.78 and a 52 week high of $64.63. The company has a market capitalization of $12.92 billion, a PE ratio of 14.89 and a beta of 1.15. The company’s 50-day simple moving average is $60.77 and its 200 day simple moving average is $60.72.

First Trust NASDAQ Rising Dividend Achievers Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were given a dividend of $0.2544 per share. This represents a $1.02 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date was Thursday, March 27th. This is a positive change from First Trust NASDAQ Rising Dividend Achievers’s previous quarterly dividend of $0.19.

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.