Kestra Investment Management LLC Buys New Position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Kestra Investment Management LLC purchased a new stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 2,760 shares of the company’s stock, valued at approximately $163,000.

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

First Trust NASDAQ Rising Dividend Achievers Price Performance

NASDAQ RDVY opened at $62.81 on Friday. The company has a market cap of $13.70 billion, a price-to-earnings ratio of 10.08 and a beta of 1.15. The stock’s fifty day moving average price is $61.24 and its 200 day moving average price is $60.12. First Trust NASDAQ Rising Dividend Achievers has a 1 year low of $51.52 and a 1 year high of $64.63.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

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

About First Trust NASDAQ Rising Dividend Achievers

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.