IMG Wealth Management Inc. Purchases Shares of 53,497 First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

IMG Wealth Management Inc. acquired a new position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 53,497 shares of the company’s stock, valued at approximately $3,164,000. First Trust NASDAQ Rising Dividend Achievers comprises 2.9% of IMG Wealth Management Inc.’s portfolio, making the stock its 12th biggest position.

A number of other institutional investors also recently made changes to their positions in the business. Spectrum Wealth Advisory Group LLC purchased a new stake in First Trust NASDAQ Rising Dividend Achievers during the third quarter valued at about $12,392,000. D.A. Davidson & CO. grew its position in First Trust NASDAQ Rising Dividend Achievers by 4.5% during the 3rd quarter. D.A. Davidson & CO. now owns 674,180 shares of the company’s stock worth $39,918,000 after acquiring an additional 29,294 shares during the last quarter. Elios Financial Group Inc. purchased a new position in First Trust NASDAQ Rising Dividend Achievers in the 3rd quarter worth approximately $6,731,000. Claro Advisors LLC lifted its position in First Trust NASDAQ Rising Dividend Achievers by 29.3% in the third quarter. Claro Advisors LLC now owns 62,771 shares of the company’s stock valued at $3,717,000 after purchasing an additional 14,235 shares during the last quarter. Finally, ORG Partners LLC boosted its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 259.3% during the fourth quarter. ORG Partners LLC now owns 202,120 shares of the company’s stock valued at $11,953,000 after purchasing an additional 145,866 shares during the period.

First Trust NASDAQ Rising Dividend Achievers Stock Up 2.1 %

Shares of NASDAQ RDVY opened at $58.45 on Friday. The firm’s fifty day moving average is $61.27 and its 200 day moving average is $60.55. First Trust NASDAQ Rising Dividend Achievers has a 52 week low of $52.78 and a 52 week high of $64.63. The company has a market cap of $12.75 billion, a price-to-earnings ratio of 14.78 and a beta of 1.15.

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.