Tranquility Partners LLC Has $736,000 Stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Tranquility Partners LLC increased its position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 9.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 14,244 shares of the company’s stock after purchasing an additional 1,178 shares during the period. Tranquility Partners LLC’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $736,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Perigon Wealth Management LLC boosted its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 365.8% during the 4th quarter. Perigon Wealth Management LLC now owns 60,833 shares of the company’s stock valued at $3,143,000 after buying an additional 47,774 shares during the period. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of First Trust NASDAQ Rising Dividend Achievers during the 4th quarter valued at $1,665,000. RVW Wealth LLC boosted its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 4.4% during the 4th quarter. RVW Wealth LLC now owns 615,092 shares of the company’s stock valued at $31,782,000 after buying an additional 25,894 shares during the period. Braun Bostich & Associates Inc. acquired a new stake in shares of First Trust NASDAQ Rising Dividend Achievers during the 4th quarter valued at $1,113,000. Finally, BKM Wealth Management LLC acquired a new stake in shares of First Trust NASDAQ Rising Dividend Achievers during the 4th quarter valued at $43,000.

First Trust NASDAQ Rising Dividend Achievers Stock Down 0.6 %

Shares of NASDAQ:RDVY traded down $0.34 during trading on Wednesday, reaching $53.06. 654,725 shares of the company traded hands, compared to its average volume of 803,698. The firm has a fifty day simple moving average of $53.75 and a 200 day simple moving average of $50.32. The firm has a market cap of $9.94 billion, a P/E ratio of 9.85 and a beta of 1.15. First Trust NASDAQ Rising Dividend Achievers has a 1-year low of $42.42 and a 1-year high of $56.28.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 22nd were paid a dividend of $0.2238 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date of this dividend was Thursday, March 21st.

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.