RWA Wealth Partners LLC Acquires New Shares in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

RWA Wealth Partners LLC acquired a new stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 15,459 shares of the company’s stock, valued at approximately $799,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in RDVY. Farmers & Merchants Investments Inc. bought a new stake in shares of First Trust NASDAQ Rising Dividend Achievers in the fourth quarter valued at about $25,000. Hazlett Burt & Watson Inc. grew its stake in First Trust NASDAQ Rising Dividend Achievers by 87.5% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 478 shares of the company’s stock valued at $25,000 after purchasing an additional 223 shares during the last quarter. PFG Private Wealth Management LLC purchased a new position in First Trust NASDAQ Rising Dividend Achievers in the fourth quarter valued at about $26,000. Arlington Trust Co LLC purchased a new position in First Trust NASDAQ Rising Dividend Achievers in the fourth quarter valued at about $29,000. Finally, Grove Bank & Trust purchased a new position in First Trust NASDAQ Rising Dividend Achievers in the fourth quarter valued at about $42,000.

First Trust NASDAQ Rising Dividend Achievers Price Performance

RDVY opened at $54.48 on Thursday. First Trust NASDAQ Rising Dividend Achievers has a 1 year low of $42.42 and a 1 year high of $56.28. The firm has a market capitalization of $10.23 billion, a PE ratio of 9.85 and a beta of 1.15. The business’s 50-day moving average is $54.05 and its two-hundred day moving average is $50.64.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 22nd were paid a dividend of $0.2238 per share. The ex-dividend date was Thursday, March 21st. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.64%.

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.