Tyler Stone Wealth Management Raises Stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Tyler Stone Wealth Management raised its stake in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 100.7% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,297 shares of the company’s stock after buying an additional 2,156 shares during the quarter. Tyler Stone Wealth Management’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $254,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. BNP Paribas Financial Markets increased its position in shares of First Trust NASDAQ Rising Dividend Achievers by 24,700.0% in the first quarter. BNP Paribas Financial Markets now owns 496 shares of the company’s stock worth $28,000 after purchasing an additional 494 shares during the last quarter. Headlands Technologies LLC bought a new position in shares of First Trust NASDAQ Rising Dividend Achievers in the 2nd quarter worth $29,000. Kings Path Partners LLC bought a new position in shares of First Trust NASDAQ Rising Dividend Achievers in the 2nd quarter worth $31,000. Russell Investments Group Ltd. bought a new stake in shares of First Trust NASDAQ Rising Dividend Achievers during the 1st quarter worth $34,000. Finally, Rothschild Investment LLC bought a new stake in shares of First Trust NASDAQ Rising Dividend Achievers during the 2nd quarter worth $34,000.

First Trust NASDAQ Rising Dividend Achievers Stock Up 1.1 %

RDVY opened at $63.50 on Tuesday. The business’s fifty day simple moving average is $59.03 and its 200 day simple moving average is $56.80. First Trust NASDAQ Rising Dividend Achievers has a 52 week low of $45.47 and a 52 week high of $63.72. The stock has a market cap of $13.09 billion, a PE ratio of 10.08 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were given a dividend of $0.1912 per share. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $0.76 annualized dividend and a dividend yield of 1.20%.

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.