Independent Wealth Network Inc. Increases Stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Independent Wealth Network Inc. increased its position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 4.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 5,713 shares of the company’s stock after acquiring an additional 262 shares during the quarter. Independent Wealth Network Inc.’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $338,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in RDVY. EverSource Wealth Advisors LLC increased its holdings in First Trust NASDAQ Rising Dividend Achievers by 25.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,145 shares of the company’s stock worth $184,000 after acquiring an additional 647 shares during the last quarter. Daymark Wealth Partners LLC boosted its stake in First Trust NASDAQ Rising Dividend Achievers by 5.9% in the 2nd quarter. Daymark Wealth Partners LLC now owns 84,505 shares of the company’s stock worth $4,627,000 after purchasing an additional 4,693 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in 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 worth $101,994,000 after purchasing an additional 71,047 shares during the period. Sunbelt Securities Inc. boosted its stake in First Trust NASDAQ Rising Dividend Achievers by 65.3% in the 2nd quarter. Sunbelt Securities Inc. now owns 5,878 shares of the company’s stock worth $322,000 after purchasing an additional 2,323 shares during the period. Finally, Gateway Wealth Partners LLC boosted its stake in First Trust NASDAQ Rising Dividend Achievers by 10.1% in the 2nd quarter. Gateway Wealth Partners LLC now owns 77,216 shares of the company’s stock worth $4,228,000 after purchasing an additional 7,098 shares during the period.

First Trust NASDAQ Rising Dividend Achievers Stock Up 0.1 %

Shares of NASDAQ RDVY opened at $62.70 on Thursday. First Trust NASDAQ Rising Dividend Achievers has a 52 week low of $50.24 and a 52 week high of $64.63. The business has a 50-day simple moving average of $61.44 and a two-hundred day simple moving average of $59.27. The company has a market cap of $13.56 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 dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were paid a $0.2956 dividend. The ex-dividend date of this dividend was Friday, December 13th.

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.