Stonebridge Financial Group LLC Takes $578,000 Position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Stonebridge Financial Group LLC purchased a new position in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 9,768 shares of the company’s stock, valued at approximately $578,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in RDVY. Sugarloaf Wealth Management LLC acquired a new stake in shares of First Trust NASDAQ Rising Dividend Achievers in the 4th quarter valued at $40,000. Sound Income Strategies LLC bought a new position in First Trust NASDAQ Rising Dividend Achievers in the fourth quarter valued at about $40,000. Eastern Bank acquired a new stake in First Trust NASDAQ Rising Dividend Achievers in the fourth quarter worth about $57,000. Blue Trust Inc. raised its holdings in First Trust NASDAQ Rising Dividend Achievers by 2,807.1% during 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 during the last quarter. Finally, Crewe Advisors LLC lifted its position in First Trust NASDAQ Rising Dividend Achievers by 12.5% during the 3rd quarter. Crewe Advisors LLC now owns 1,635 shares of the company’s stock valued at $97,000 after purchasing an additional 182 shares during the period.

First Trust NASDAQ Rising Dividend Achievers Trading Up 0.1 %

Shares of NASDAQ RDVY opened at $62.43 on Wednesday. First Trust NASDAQ Rising Dividend Achievers has a 1 year low of $50.24 and a 1 year high of $64.63. The firm’s 50-day moving average is $61.27 and its 200-day moving average is $59.86. The firm has a market capitalization of $13.62 billion, a PE ratio of 10.08 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

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

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.