Moors & Cabot Inc. Invests $271,000 in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Moors & Cabot Inc. acquired a new stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 4,575 shares of the company’s stock, valued at approximately $271,000.

Several other hedge funds have also recently bought and sold shares of RDVY. BNP Paribas Financial Markets raised its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 24,700.0% during the first quarter. BNP Paribas Financial Markets now owns 496 shares of the company’s stock valued at $28,000 after buying an additional 494 shares during the last quarter. Headlands Technologies LLC acquired a new stake in First Trust NASDAQ Rising Dividend Achievers in the 2nd quarter valued at approximately $29,000. Kings Path Partners LLC acquired a new stake in First Trust NASDAQ Rising Dividend Achievers in the 2nd quarter valued at approximately $31,000. Russell Investments Group Ltd. bought a new stake in First Trust NASDAQ Rising Dividend Achievers during the 1st quarter valued at $34,000. Finally, Rothschild Investment LLC acquired a new position in First Trust NASDAQ Rising Dividend Achievers during the 2nd quarter worth $34,000.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

NASDAQ:RDVY opened at $63.72 on Friday. First Trust NASDAQ Rising Dividend Achievers has a 1 year low of $47.18 and a 1 year high of $63.78. The business has a fifty day moving average of $60.18 and a 200-day moving average of $57.36. The stock has a market cap of $13.14 billion, a price-to-earnings ratio of 10.08 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were given a $0.1912 dividend. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $0.76 dividend on an annualized basis and a yield of 1.20%.

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.