Perissos Private Wealth Management LLC Acquires 14,191 Shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Perissos Private Wealth Management LLC grew its holdings in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 86.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 30,627 shares of the company’s stock after acquiring an additional 14,191 shares during the quarter. First Trust NASDAQ Rising Dividend Achievers accounts for about 1.4% of Perissos Private Wealth Management LLC’s investment portfolio, making the stock its 22nd largest holding. Perissos Private Wealth Management LLC’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $1,811,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Guided Capital Wealth Management LLC acquired a new stake in shares of First Trust NASDAQ Rising Dividend Achievers during the fourth quarter worth $7,861,000. Sovran Advisors LLC bought a new position in First Trust NASDAQ Rising Dividend Achievers during the 4th quarter worth about $610,000. Stonebridge Financial Group LLC acquired a new stake in shares of First Trust NASDAQ Rising Dividend Achievers in the 4th quarter valued at about $578,000. Focus Financial Network Inc. lifted its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 77.1% in the fourth quarter. Focus Financial Network Inc. now owns 94,132 shares of the company’s stock valued at $5,567,000 after purchasing an additional 40,989 shares in the last quarter. Finally, POM Investment Strategies LLC lifted its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 0.8% in the fourth quarter. POM Investment Strategies LLC now owns 136,217 shares of the company’s stock valued at $8,056,000 after purchasing an additional 1,021 shares in the last quarter.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

NASDAQ:RDVY opened at $62.43 on Wednesday. The stock has a 50-day simple moving average of $61.27 and a 200 day simple moving average of $59.86. 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 cap of $13.62 billion, a PE ratio of 10.08 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were paid a dividend of $0.2956 per share. The ex-dividend date 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.