ProVise Management Group LLC Has $869,000 Stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

ProVise Management Group LLC boosted its position in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 24.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,692 shares of the company’s stock after acquiring an additional 2,925 shares during the period. ProVise Management Group LLC’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $869,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of RDVY. Cullen Frost Bankers Inc. acquired a new position in First Trust NASDAQ Rising Dividend Achievers during the 4th quarter worth $25,000. Sugarloaf Wealth Management LLC acquired a new position in First Trust NASDAQ Rising Dividend Achievers during the 4th quarter worth $40,000. Sound Income Strategies LLC acquired a new position in First Trust NASDAQ Rising Dividend Achievers during the 4th quarter worth $40,000. Eastern Bank acquired a new position in First Trust NASDAQ Rising Dividend Achievers during the 4th quarter worth $57,000. Finally, Blue Trust Inc. lifted its position in 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 during the last quarter.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

Shares of RDVY opened at $59.33 on Thursday. The company has a 50-day simple moving average of $61.21 and a 200-day simple moving average of $60.56. The firm has a market capitalization of $12.94 billion, a P/E ratio of 14.78 and a beta of 1.15. First Trust NASDAQ Rising Dividend Achievers has a 52 week low of $52.78 and a 52 week high of $64.63.

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.