Pine Valley Investments Ltd Liability Co Buys 8,011 Shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Pine Valley Investments Ltd Liability Co raised its stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 3.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 237,341 shares of the company’s stock after purchasing an additional 8,011 shares during the period. First Trust NASDAQ Rising Dividend Achievers accounts for 0.8% of Pine Valley Investments Ltd Liability Co’s holdings, making the stock its 22nd biggest holding. Pine Valley Investments Ltd Liability Co owned 0.11% of First Trust NASDAQ Rising Dividend Achievers worth $14,036,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of RDVY. MBE Wealth Management LLC raised its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 4.2% in the fourth quarter. MBE Wealth Management LLC now owns 4,057 shares of the company’s stock worth $240,000 after purchasing an additional 163 shares during the last quarter. Trueblood Wealth Management LLC boosted its position in shares of First Trust NASDAQ Rising Dividend Achievers by 1.4% during the fourth quarter. Trueblood Wealth Management LLC now owns 12,233 shares of the company’s stock valued at $723,000 after buying an additional 167 shares during the last quarter. Financial Services Advisory Inc grew its holdings in First Trust NASDAQ Rising Dividend Achievers by 1.2% during the third quarter. Financial Services Advisory Inc now owns 14,883 shares of the company’s stock worth $881,000 after buying an additional 170 shares in the last quarter. Pacific Sun Financial Corp raised its position in First Trust NASDAQ Rising Dividend Achievers by 2.9% in the 4th quarter. Pacific Sun Financial Corp now owns 6,090 shares of the company’s stock valued at $360,000 after buying an additional 170 shares during the last quarter. Finally, Crewe Advisors LLC lifted its stake 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 acquiring an additional 182 shares in the last quarter.

First Trust NASDAQ Rising Dividend Achievers Price Performance

RDVY opened at $61.36 on Tuesday. The firm’s fifty day moving average price is $61.24 and its two-hundred day moving average price is $60.26. The company has a market capitalization of $13.39 billion, a price-to-earnings ratio of 14.00 and a beta of 1.15. First Trust NASDAQ Rising Dividend Achievers has a 1 year low of $52.26 and a 1 year high of $64.63.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The company also recently disclosed 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 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.