Redhawk Wealth Advisors Inc. Boosts Stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Redhawk Wealth Advisors Inc. raised its holdings in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 22.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 128,336 shares of the company’s stock after buying an additional 23,532 shares during the quarter. First Trust NASDAQ Rising Dividend Achievers comprises about 1.1% of Redhawk Wealth Advisors Inc.’s holdings, making the stock its 22nd largest position. Redhawk Wealth Advisors Inc.’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $7,599,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in RDVY. Centaurus Financial Inc. boosted its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 4.6% in the 4th quarter. Centaurus Financial Inc. now owns 10,758 shares of the company’s stock worth $556,000 after purchasing an additional 478 shares in the last quarter. Fisher Asset Management LLC purchased a new position in shares of First Trust NASDAQ Rising Dividend Achievers in the 4th quarter worth about $274,000. B. Riley Wealth Advisors Inc. boosted its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 4.0% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 45,248 shares of the company’s stock worth $2,338,000 after purchasing an additional 1,726 shares in the last quarter. Prism Advisors Inc. boosted its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 3.3% in the 1st quarter. Prism Advisors Inc. now owns 24,931 shares of the company’s stock worth $1,400,000 after purchasing an additional 794 shares in the last quarter. Finally, RVW Wealth LLC boosted its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 0.8% in the 1st quarter. RVW Wealth LLC now owns 619,989 shares of the company’s stock worth $34,825,000 after purchasing an additional 4,897 shares in the last quarter.

First Trust NASDAQ Rising Dividend Achievers Trading Up 1.5 %

RDVY opened at $60.11 on Monday. The stock has a 50-day moving average price of $57.52 and a 200-day moving average price of $56.00. First Trust NASDAQ Rising Dividend Achievers has a 12-month low of $43.30 and a 12-month high of $60.24. The stock has a market capitalization of $12.30 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 quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were issued a dividend of $0.1912 per share. This represents a $0.76 annualized dividend and a yield of 1.27%. The ex-dividend date of this dividend was Thursday, September 26th.

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.