Foundations Investment Advisors LLC Increases Position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Foundations Investment Advisors LLC boosted its holdings in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 6.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 298,004 shares of the company’s stock after acquiring an additional 18,743 shares during the quarter. Foundations Investment Advisors LLC’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $17,624,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Spectrum Wealth Advisory Group LLC bought a new position in shares of First Trust NASDAQ Rising Dividend Achievers in the third quarter worth approximately $12,392,000. D.A. Davidson & CO. lifted its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 4.5% in the third quarter. D.A. Davidson & CO. now owns 674,180 shares of the company’s stock worth $39,918,000 after buying an additional 29,294 shares in the last quarter. Claro Advisors LLC lifted its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 29.3% in the third quarter. Claro Advisors LLC now owns 62,771 shares of the company’s stock worth $3,717,000 after buying an additional 14,235 shares in the last quarter. Elios Financial Group Inc. bought a new position in shares of First Trust NASDAQ Rising Dividend Achievers in the third quarter worth approximately $6,731,000. Finally, ORG Partners LLC lifted its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 259.3% in the fourth quarter. ORG Partners LLC now owns 202,120 shares of the company’s stock worth $11,953,000 after buying an additional 145,866 shares in the last quarter.

First Trust NASDAQ Rising Dividend Achievers Stock Down 1.2 %

Shares of First Trust NASDAQ Rising Dividend Achievers stock opened at $62.13 on Monday. The company has a market cap of $13.46 billion, a price-to-earnings ratio of 10.08 and a beta of 1.15. The company’s 50 day moving average is $61.46 and its 200 day moving average is $59.43. First Trust NASDAQ Rising Dividend Achievers has a twelve month low of $50.24 and a twelve month high of $64.63.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were given a dividend of $0.2956 per share. The ex-dividend date 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.