Ergawealth Advisors Inc. Has $15.08 Million Stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Ergawealth Advisors Inc. cut its stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 0.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 255,011 shares of the company’s stock after selling 1,326 shares during the period. First Trust NASDAQ Rising Dividend Achievers makes up approximately 7.5% of Ergawealth Advisors Inc.’s investment portfolio, making the stock its 5th biggest position. Ergawealth Advisors Inc. owned approximately 0.12% of First Trust NASDAQ Rising Dividend Achievers worth $15,081,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. MBE Wealth Management LLC boosted its holdings in First Trust NASDAQ Rising Dividend Achievers by 4.2% during the fourth quarter. MBE Wealth Management LLC now owns 4,057 shares of the company’s stock worth $240,000 after buying an additional 163 shares in the last quarter. Trueblood Wealth Management LLC boosted its holdings in 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 worth $723,000 after buying an additional 167 shares in the last quarter. Financial Services Advisory Inc boosted 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 boosted its holdings in First Trust NASDAQ Rising Dividend Achievers by 2.9% during the fourth quarter. Pacific Sun Financial Corp now owns 6,090 shares of the company’s stock worth $360,000 after buying an additional 170 shares in the last quarter. Finally, Crewe Advisors LLC boosted its stake in First Trust NASDAQ Rising Dividend Achievers by 12.5% in the 3rd quarter. Crewe Advisors LLC now owns 1,635 shares of the company’s stock worth $97,000 after purchasing an additional 182 shares during the period.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

First Trust NASDAQ Rising Dividend Achievers stock opened at $60.82 on Friday. The company has a 50 day moving average price of $61.35 and a 200 day moving average price of $60.35. First Trust NASDAQ Rising Dividend Achievers has a 52 week low of $52.44 and a 52 week high of $64.63. The firm has a market capitalization of $13.27 billion, a price-to-earnings ratio of 14.00 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors 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.