Gladstone Institutional Advisory LLC Has $13.25 Million Stock Holdings in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Gladstone Institutional Advisory LLC lifted its holdings in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 8.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 224,013 shares of the company’s stock after purchasing an additional 17,848 shares during the quarter. Gladstone Institutional Advisory LLC’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $13,248,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of RDVY. Sound Income Strategies LLC bought a new stake in First Trust NASDAQ Rising Dividend Achievers in the fourth quarter worth $40,000. Sugarloaf Wealth Management LLC acquired a new stake in shares of First Trust NASDAQ Rising Dividend Achievers in the fourth quarter worth about $40,000. Eastern Bank acquired a new stake in shares of First Trust NASDAQ Rising Dividend Achievers in the fourth quarter worth about $57,000. Blue Trust Inc. boosted its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 2,807.1% during the 4th quarter. Blue Trust Inc. now owns 1,221 shares of the company’s stock worth $72,000 after acquiring an additional 1,179 shares in the last quarter. Finally, Crewe Advisors LLC increased its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 12.5% during the 3rd quarter. Crewe Advisors LLC now owns 1,635 shares of the company’s stock valued at $97,000 after acquiring an additional 182 shares during the last quarter.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

Shares of RDVY stock opened at $62.43 on Wednesday. The stock’s 50 day simple moving average is $61.27 and its 200 day simple moving average is $59.86. First Trust NASDAQ Rising Dividend Achievers has a twelve month low of $50.24 and a twelve month high of $64.63. The company has a market capitalization of $13.62 billion, a price-to-earnings ratio of 10.08 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were given a $0.2956 dividend. The ex-dividend date was Friday, December 13th.

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.