Main Street Financial Solutions LLC Acquires 1,324 Shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Main Street Financial Solutions LLC raised its stake in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 2.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 57,953 shares of the company’s stock after purchasing an additional 1,324 shares during the quarter. Main Street Financial Solutions LLC’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $3,173,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. First Heartland Consultants Inc. grew its stake in First Trust NASDAQ Rising Dividend Achievers by 0.3% in the fourth quarter. First Heartland Consultants Inc. now owns 238,470 shares of the company’s stock worth $12,322,000 after purchasing an additional 786 shares during the period. Great Lakes Advisors LLC bought a new position in First Trust NASDAQ Rising Dividend Achievers during the 4th quarter valued at approximately $239,000. Financial Advocates Investment Management raised its stake in First Trust NASDAQ Rising Dividend Achievers by 36.8% during the fourth quarter. Financial Advocates Investment Management now owns 267,819 shares of the company’s stock valued at $13,838,000 after buying an additional 72,107 shares during the last quarter. Brown Advisory Inc. boosted its holdings in First Trust NASDAQ Rising Dividend Achievers by 4.8% in the fourth quarter. Brown Advisory Inc. now owns 28,756 shares of the company’s stock worth $1,486,000 after acquiring an additional 1,323 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 1.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 901,064 shares of the company’s stock worth $46,558,000 after acquiring an additional 9,763 shares during the last quarter.

First Trust NASDAQ Rising Dividend Achievers Price Performance

Shares of NASDAQ:RDVY opened at $56.16 on Thursday. The company has a market capitalization of $11.18 billion, a PE ratio of 10.08 and a beta of 1.15. The business has a fifty day moving average price of $56.61 and a 200-day moving average price of $55.30. 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 firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, June 27th were paid a $0.2616 dividend. This represents a $1.05 annualized dividend and a dividend yield of 1.86%. The ex-dividend date of this dividend was Thursday, June 27th.

First Trust NASDAQ Rising Dividend Achievers 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.