Stonebridge Financial Group LLC Buys Shares of 9,768 First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Stonebridge Financial Group LLC bought a new position in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) during the fourth quarter, HoldingsChannel.com reports. The firm bought 9,768 shares of the company’s stock, valued at approximately $578,000.

Several other institutional investors also recently modified their holdings of RDVY. Sound Income Strategies LLC bought a new stake in shares of First Trust NASDAQ Rising Dividend Achievers in the 4th quarter valued at $40,000. Sugarloaf Wealth Management 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. increased its holdings in shares of 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 worth $72,000 after acquiring an additional 1,179 shares in the last quarter. Finally, Crewe Advisors LLC raised its position in shares of First Trust NASDAQ Rising Dividend Achievers by 12.5% during the third 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 Price Performance

NASDAQ:RDVY opened at $62.43 on Wednesday. The business’s 50-day simple moving average is $61.27 and its 200-day simple moving average is $59.86. First Trust NASDAQ Rising Dividend Achievers has a fifty-two week low of $50.24 and a fifty-two week high of $64.63. The stock has a market capitalization of $13.62 billion, a PE ratio of 10.08 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders 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 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.