Element Wealth LLC Buys 1,207 Shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Element Wealth LLC boosted its stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 29.0% in the fourth quarter, HoldingsChannel reports. The firm owned 5,370 shares of the company’s stock after acquiring an additional 1,207 shares during the period. Element Wealth LLC’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $318,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in RDVY. Sugarloaf Wealth Management LLC bought a new stake in First Trust NASDAQ Rising Dividend Achievers in the fourth quarter valued at about $40,000. Sound Income Strategies LLC acquired a new position in First Trust NASDAQ Rising Dividend Achievers in the fourth quarter valued at about $40,000. Eastern Bank acquired a new position in First Trust NASDAQ Rising Dividend Achievers in the fourth quarter valued at about $57,000. Blue Trust Inc. grew its stake in First Trust NASDAQ Rising Dividend Achievers by 2,807.1% in the fourth quarter. Blue Trust Inc. now owns 1,221 shares of the company’s stock valued at $72,000 after acquiring an additional 1,179 shares during the period. Finally, Crewe Advisors LLC grew its stake in First Trust NASDAQ Rising Dividend Achievers by 12.5% in the third quarter. Crewe Advisors LLC now owns 1,635 shares of the company’s stock valued at $97,000 after acquiring an additional 182 shares during the period.

First Trust NASDAQ Rising Dividend Achievers Trading Down 2.5 %

NASDAQ:RDVY opened at $61.25 on Friday. First Trust NASDAQ Rising Dividend Achievers has a 1 year low of $51.90 and a 1 year high of $64.63. The stock has a market cap of $13.65 billion, a price-to-earnings ratio of 14.00 and a beta of 1.13. The stock has a 50-day moving average price of $61.24 and a two-hundred day moving average price of $60.12.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The business also recently declared 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 of this dividend 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.