Thoroughbred Financial Services LLC Purchases 42,577 Shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Thoroughbred Financial Services LLC lifted its position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 46.6% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 134,005 shares of the company’s stock after acquiring an additional 42,577 shares during the period. Thoroughbred Financial Services LLC’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $7,336,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in RDVY. Kingswood Wealth Advisors LLC increased its holdings in First Trust NASDAQ Rising Dividend Achievers by 3.5% during the second quarter. Kingswood Wealth Advisors LLC now owns 5,573 shares of the company’s stock valued at $305,000 after buying an additional 186 shares during the last quarter. IAG Wealth Partners LLC increased its holdings in First Trust NASDAQ Rising Dividend Achievers by 12.5% during the first quarter. IAG Wealth Partners LLC now owns 1,800 shares of the company’s stock valued at $101,000 after buying an additional 200 shares during the last quarter. Curtis Advisory Group LLC increased its holdings in First Trust NASDAQ Rising Dividend Achievers by 1.0% during the first quarter. Curtis Advisory Group LLC now owns 19,583 shares of the company’s stock valued at $1,100,000 after buying an additional 200 shares during the last quarter. Kaydan Wealth Management Inc. increased its holdings in First Trust NASDAQ Rising Dividend Achievers by 1.1% during the first quarter. Kaydan Wealth Management Inc. now owns 18,651 shares of the company’s stock valued at $1,048,000 after buying an additional 206 shares during the last quarter. Finally, SteelPeak Wealth LLC increased its holdings in First Trust NASDAQ Rising Dividend Achievers by 0.6% during the first quarter. SteelPeak Wealth LLC now owns 38,192 shares of the company’s stock valued at $2,145,000 after buying an additional 223 shares during the last quarter.

First Trust NASDAQ Rising Dividend Achievers Price Performance

Shares of NASDAQ RDVY opened at $57.24 on Friday. The firm has a fifty day moving average price of $56.69 and a 200-day moving average price of $55.34. The stock has a market cap of $11.39 billion, a PE ratio of 10.08 and a beta of 1.15. First Trust NASDAQ Rising Dividend Achievers has a 1 year low of $43.30 and a 1 year high of $59.07.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, June 27th were paid a $0.2616 dividend. The ex-dividend date was Thursday, June 27th. This represents a $1.05 dividend on an annualized basis and a dividend yield of 1.83%.

About First Trust NASDAQ Rising Dividend Achievers

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.