First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) Shares Acquired by Gladstone Institutional Advisory LLC

Gladstone Institutional Advisory LLC lifted its stake in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 8.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 224,013 shares of the company’s stock after purchasing an additional 17,848 shares during the period. Gladstone Institutional Advisory LLC owned approximately 0.10% of First Trust NASDAQ Rising Dividend Achievers worth $13,248,000 at the end of the most recent quarter.

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

First Trust NASDAQ Rising Dividend Achievers Stock Performance

Shares of RDVY opened at $62.43 on Wednesday. First Trust NASDAQ Rising Dividend Achievers has a 52 week low of $50.24 and a 52 week high of $64.63. The company has a market capitalization of $13.62 billion, a PE ratio of 10.08 and a beta of 1.15. The company’s 50 day moving average price is $61.27 and its 200 day moving average price is $59.86.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders 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 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.