Sanchez Wealth Management Group Has $11.29 Million Stock Holdings in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Sanchez Wealth Management Group boosted its holdings in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 9.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 190,929 shares of the company’s stock after buying an additional 17,223 shares during the period. First Trust NASDAQ Rising Dividend Achievers makes up about 3.1% of Sanchez Wealth Management Group’s holdings, making the stock its 13th biggest position. Sanchez Wealth Management Group owned approximately 0.09% of First Trust NASDAQ Rising Dividend Achievers worth $11,292,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Mainsail Financial Group LLC boosted its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 3.4% during the 4th quarter. Mainsail Financial Group LLC now owns 144,078 shares of the company’s stock valued at $8,521,000 after buying an additional 4,676 shares during the period. Platform Technology Partners grew its stake in First Trust NASDAQ Rising Dividend Achievers by 26.6% in the fourth quarter. Platform Technology Partners now owns 19,578 shares of the company’s stock valued at $1,158,000 after purchasing an additional 4,112 shares in the last quarter. Realta Investment Advisors grew its stake in First Trust NASDAQ Rising Dividend Achievers by 21.8% in the fourth quarter. Realta Investment Advisors now owns 6,307 shares of the company’s stock valued at $376,000 after purchasing an additional 1,129 shares in the last quarter. Barrett & Company Inc. increased its position in First Trust NASDAQ Rising Dividend Achievers by 2.0% in the 4th quarter. Barrett & Company Inc. now owns 30,904 shares of the company’s stock worth $1,828,000 after purchasing an additional 611 shares during the last quarter. Finally, Golden State Wealth Management LLC purchased a new stake in shares of First Trust NASDAQ Rising Dividend Achievers during the 4th quarter worth about $8,867,000.

First Trust NASDAQ Rising Dividend Achievers Price Performance

Shares of First Trust NASDAQ Rising Dividend Achievers stock opened at $62.09 on Friday. The stock has a 50-day simple moving average of $61.35 and a 200-day simple moving average of $59.75. First Trust NASDAQ Rising Dividend Achievers has a 52-week low of $50.24 and a 52-week high of $64.63. The firm has a market cap of $13.54 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 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 of this dividend 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.