First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) Stock Holdings Lifted by SRS Capital Advisors Inc.

SRS Capital Advisors Inc. lifted its stake in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 2.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 247,327 shares of the company’s stock after acquiring an additional 6,798 shares during the quarter. First Trust NASDAQ Rising Dividend Achievers comprises 1.4% of SRS Capital Advisors Inc.’s holdings, making the stock its 25th biggest position. SRS Capital Advisors Inc.’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $12,779,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of RDVY. Kingswood Wealth Advisors LLC purchased a new position in shares of First Trust NASDAQ Rising Dividend Achievers in the third quarter worth approximately $216,000. Stratos Wealth Advisors LLC purchased a new position in First Trust NASDAQ Rising Dividend Achievers during the 3rd quarter worth approximately $1,705,000. Affinity Wealth Management LLC acquired a new stake in First Trust NASDAQ Rising Dividend Achievers during the 3rd quarter valued at $15,390,000. Eudaimonia Advisors LLC purchased a new stake in shares of First Trust NASDAQ Rising Dividend Achievers in the third quarter valued at $729,000. Finally, Eudaimonia Partners LLC acquired a new stake in shares of First Trust NASDAQ Rising Dividend Achievers in the third quarter worth $712,000.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

Shares of RDVY stock traded up $0.35 on Thursday, reaching $53.62. 379,446 shares of the company’s stock traded hands, compared to its average volume of 785,302. The business’s 50 day moving average price is $54.25 and its two-hundred day moving average price is $50.93. The company has a market capitalization of $10.13 billion, a P/E ratio of 9.78 and a beta of 1.15. First Trust NASDAQ Rising Dividend Achievers has a 12-month low of $42.42 and a 12-month high of $56.28.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The firm 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. The ex-dividend date of this dividend was Thursday, March 21st. This represents a $0.90 annualized dividend and a yield of 1.67%.

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.