RPS Advisory Solutions LLC Invests $1.99 Million in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

RPS Advisory Solutions LLC bought a new position in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 33,657 shares of the company’s stock, valued at approximately $1,990,000. First Trust NASDAQ Rising Dividend Achievers comprises approximately 1.2% of RPS Advisory Solutions LLC’s investment portfolio, making the stock its 18th biggest holding.

Other institutional investors and hedge funds have also made changes to their positions in the company. Forte Capital LLC ADV increased its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 4.0% during the fourth quarter. Forte Capital LLC ADV now owns 8,535 shares of the company’s stock valued at $505,000 after buying an additional 330 shares during the period. Pacific Sun Financial Corp increased its stake in shares of 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 valued at $360,000 after buying an additional 170 shares during the period. Dash Acquisitions Inc. purchased a new position in shares of First Trust NASDAQ Rising Dividend Achievers during the fourth quarter valued at $223,000. Concurrent Investment Advisors LLC increased its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 2.4% during the fourth quarter. Concurrent Investment Advisors LLC now owns 199,258 shares of the company’s stock valued at $11,784,000 after buying an additional 4,738 shares during the period. Finally, WealthCare Investment Partners LLC increased its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 0.6% during the fourth quarter. WealthCare Investment Partners LLC now owns 59,660 shares of the company’s stock valued at $3,519,000 after buying an additional 344 shares during the period.

First Trust NASDAQ Rising Dividend Achievers Trading Down 0.9 %

Shares of First Trust NASDAQ Rising Dividend Achievers stock opened at $62.81 on Friday. The stock’s fifty day moving average price is $61.24 and its 200-day moving average price is $60.12. First Trust NASDAQ Rising Dividend Achievers has a 12 month low of $51.52 and a 12 month high of $64.63. The firm has a market cap of $13.70 billion, a P/E ratio of 10.08 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The business also recently announced 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.

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.