EdgeRock Capital LLC Raises Stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

EdgeRock Capital LLC grew its holdings in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 24.8% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 46,017 shares of the company’s stock after buying an additional 9,148 shares during the period. First Trust NASDAQ Rising Dividend Achievers accounts for approximately 1.8% of EdgeRock Capital LLC’s portfolio, making the stock its 12th largest position. EdgeRock Capital LLC’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $2,721,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Sugarloaf Wealth Management LLC acquired a new position in First Trust NASDAQ Rising Dividend Achievers in the 4th quarter valued at about $40,000. Sound Income Strategies LLC acquired a new position in shares of First Trust NASDAQ Rising Dividend Achievers in the fourth quarter valued at approximately $40,000. Eastern Bank acquired a new position in shares of First Trust NASDAQ Rising Dividend Achievers in the fourth quarter valued at approximately $57,000. Blue Trust Inc. raised its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 2,807.1% during the fourth quarter. Blue Trust Inc. now owns 1,221 shares of the company’s stock worth $72,000 after purchasing an additional 1,179 shares during the last quarter. Finally, Crewe Advisors LLC lifted its holdings 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 $61.36 on Tuesday. The firm has a market cap of $13.39 billion, a price-to-earnings ratio of 14.00 and a beta of 1.15. The firm’s fifty day moving average price is $61.24 and its 200 day moving average price is $60.26. 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 announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were issued 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.