Redhawk Wealth Advisors Inc. Has $8.52 Million Stock Position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Redhawk Wealth Advisors Inc. lifted its position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 12.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 143,987 shares of the company’s stock after acquiring an additional 15,651 shares during the quarter. First Trust NASDAQ Rising Dividend Achievers makes up about 1.2% of Redhawk Wealth Advisors Inc.’s holdings, making the stock its 20th biggest holding. Redhawk Wealth Advisors Inc.’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $8,515,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. LPL Financial LLC lifted its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 4.9% in the third quarter. LPL Financial LLC now owns 20,326,430 shares of the company’s stock valued at $1,203,528,000 after purchasing an additional 953,708 shares in the last quarter. International Assets Investment Management LLC lifted its stake in First Trust NASDAQ Rising Dividend Achievers by 5,796.9% in the 3rd quarter. International Assets Investment Management LLC now owns 6,803,294 shares of the company’s stock worth $402,823,000 after acquiring an additional 6,687,924 shares in the last quarter. Commonwealth Equity Services LLC boosted its position in First Trust NASDAQ Rising Dividend Achievers by 12.9% during the 3rd quarter. Commonwealth Equity Services LLC now owns 5,230,868 shares of the company’s stock worth $309,720,000 after acquiring an additional 596,099 shares during the period. Cetera Investment Advisers grew its stake in First Trust NASDAQ Rising Dividend Achievers by 10.3% during the 2nd quarter. Cetera Investment Advisers now owns 2,496,225 shares of the company’s stock valued at $136,668,000 after acquiring an additional 232,129 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 4.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,862,913 shares of the company’s stock valued at $101,994,000 after purchasing an additional 71,047 shares during the period.

First Trust NASDAQ Rising Dividend Achievers Price Performance

NASDAQ RDVY opened at $61.67 on Thursday. The company has a 50 day simple moving average of $61.50 and a 200-day simple moving average of $59.03. First Trust NASDAQ Rising Dividend Achievers has a 52-week low of $49.60 and a 52-week high of $64.63. The firm has a market capitalization of $13.25 billion, a price-to-earnings 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 dividend of $0.2956 per share. The ex-dividend date of this dividend 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.