PFG Advisors Has $11.88 Million Stock Position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

PFG Advisors boosted its position in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 7.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 200,831 shares of the company’s stock after purchasing an additional 13,344 shares during the period. First Trust NASDAQ Rising Dividend Achievers accounts for approximately 0.7% of PFG Advisors’ portfolio, making the stock its 28th biggest position. PFG Advisors owned about 0.09% of First Trust NASDAQ Rising Dividend Achievers worth $11,877,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of RDVY. Tyler Stone Wealth Management lifted its position in shares of First Trust NASDAQ Rising Dividend Achievers by 100.7% in the third quarter. Tyler Stone Wealth Management now owns 4,297 shares of the company’s stock worth $254,000 after buying an additional 2,156 shares during the last quarter. Venturi Wealth Management LLC acquired a new stake in shares of First Trust NASDAQ Rising Dividend Achievers in the third quarter worth about $105,000. Nations Financial Group Inc. IA ADV lifted its position in shares of First Trust NASDAQ Rising Dividend Achievers by 25.4% in the third quarter. Nations Financial Group Inc. IA ADV now owns 43,044 shares of the company’s stock worth $2,549,000 after buying an additional 8,728 shares during the last quarter. Apollon Wealth Management LLC lifted its position in shares of First Trust NASDAQ Rising Dividend Achievers by 1.8% in the third quarter. Apollon Wealth Management LLC now owns 18,762 shares of the company’s stock worth $1,111,000 after buying an additional 331 shares during the last quarter. Finally, Platform Technology Partners lifted its position in shares of First Trust NASDAQ Rising Dividend Achievers by 21.9% in the third quarter. Platform Technology Partners now owns 15,466 shares of the company’s stock worth $916,000 after buying an additional 2,775 shares during the last quarter.

First Trust NASDAQ Rising Dividend Achievers Price Performance

Shares of NASDAQ:RDVY opened at $58.05 on Wednesday. First Trust NASDAQ Rising Dividend Achievers has a fifty-two week low of $52.78 and a fifty-two week high of $64.63. The business has a 50-day moving average of $61.36 and a two-hundred day moving average of $60.57. The stock has a market capitalization of $13.09 billion, a P/E ratio of 14.78 and a beta of 1.14.

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 given a $0.2956 dividend. The ex-dividend date of this dividend 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.