EdgeRock Capital LLC Increases Stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

EdgeRock Capital LLC grew its holdings in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 58.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,595 shares of the company’s stock after buying an additional 6,101 shares during the period. First Trust NASDAQ Rising Dividend Achievers accounts for about 0.6% of EdgeRock Capital LLC’s holdings, making the stock its 17th largest holding. EdgeRock Capital LLC’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $852,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Farmers & Merchants Investments Inc. purchased a new position in shares of First Trust NASDAQ Rising Dividend Achievers in the 4th quarter valued at $25,000. Hazlett Burt & Watson Inc. lifted its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 87.5% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 478 shares of the company’s stock valued at $25,000 after purchasing an additional 223 shares during the last quarter. PFG Private Wealth Management LLC acquired a new stake in shares of First Trust NASDAQ Rising Dividend Achievers in the 4th quarter valued at about $26,000. Arlington Trust Co LLC purchased a new position in First Trust NASDAQ Rising Dividend Achievers during the 4th quarter worth approximately $29,000. Finally, Grove Bank & Trust acquired a new position in First Trust NASDAQ Rising Dividend Achievers during the fourth quarter worth approximately $42,000.

First Trust NASDAQ Rising Dividend Achievers Price Performance

Shares of RDVY stock traded up $0.10 during trading hours on Tuesday, hitting $54.83. The stock had a trading volume of 701,475 shares, compared to its average volume of 784,777. The firm has a market capitalization of $10.38 billion, a PE ratio of 9.78 and a beta of 1.15. The stock’s 50 day moving average is $54.41 and its 200 day moving average is $51.22. First Trust NASDAQ Rising Dividend Achievers has a twelve month low of $42.93 and a twelve month high of $56.28.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 22nd were paid a $0.2238 dividend. The ex-dividend date of this dividend was Thursday, March 21st. This represents a $0.90 dividend on an annualized basis and a yield of 1.63%.

First Trust NASDAQ Rising Dividend Achievers Company 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.