First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) Position Boosted by Arkadios Wealth Advisors

Arkadios Wealth Advisors increased its holdings in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 26.3% during the fourth quarter, Holdings Channel reports. The firm owned 122,395 shares of the company’s stock after purchasing an additional 25,484 shares during the period. Arkadios Wealth Advisors’ holdings in First Trust NASDAQ Rising Dividend Achievers were worth $7,238,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in RDVY. Sugarloaf Wealth Management LLC acquired a new position in First Trust NASDAQ Rising Dividend Achievers in the fourth quarter worth approximately $40,000. Eastern Bank bought a new stake in shares of First Trust NASDAQ Rising Dividend Achievers during the 4th quarter worth $57,000. Crewe Advisors LLC grew its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 12.5% in the 3rd quarter. Crewe Advisors LLC now owns 1,635 shares of the company’s stock worth $97,000 after acquiring an additional 182 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of First Trust NASDAQ Rising Dividend Achievers during the third quarter worth $104,000. Finally, Venturi Wealth Management LLC purchased a new stake in shares of First Trust NASDAQ Rising Dividend Achievers during the third quarter valued at $105,000.

First Trust NASDAQ Rising Dividend Achievers Stock Up 0.5 %

NASDAQ:RDVY opened at $62.18 on Friday. The stock has a fifty day simple moving average of $61.47 and a 200 day simple moving average of $59.10. The firm has a market capitalization of $13.39 billion, a price-to-earnings ratio of 10.08 and a beta of 1.15. First Trust NASDAQ Rising Dividend Achievers has a 1-year low of $49.60 and a 1-year high of $64.63.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were issued 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.