Howard Financial Services LTD. Buys 1,662 Shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Howard Financial Services LTD. lifted its stake in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 1.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 163,535 shares of the company’s stock after purchasing an additional 1,662 shares during the quarter. First Trust NASDAQ Rising Dividend Achievers accounts for about 1.8% of Howard Financial Services LTD.’s holdings, making the stock its 17th largest position. Howard Financial Services LTD. owned about 0.10% of First Trust NASDAQ Rising Dividend Achievers worth $7,702,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Kapstone Financial Advisors LLC increased its stake in First Trust NASDAQ Rising Dividend Achievers by 2.5% in the 1st quarter. Kapstone Financial Advisors LLC now owns 9,213 shares of the company’s stock worth $420,000 after acquiring an additional 222 shares during the last quarter. Benjamin Edwards Inc. increased its stake in First Trust NASDAQ Rising Dividend Achievers by 8.1% in the 1st quarter. Benjamin Edwards Inc. now owns 3,373 shares of the company’s stock worth $151,000 after acquiring an additional 253 shares during the last quarter. Onyx Bridge Wealth Group LLC increased its stake in First Trust NASDAQ Rising Dividend Achievers by 1.3% in the 1st quarter. Onyx Bridge Wealth Group LLC now owns 20,638 shares of the company’s stock worth $926,000 after acquiring an additional 268 shares during the last quarter. Castleview Partners LLC increased its stake in First Trust NASDAQ Rising Dividend Achievers by 4.2% in the 1st quarter. Castleview Partners LLC now owns 7,239 shares of the company’s stock worth $325,000 after acquiring an additional 291 shares during the last quarter. Finally, Ellsworth Advisors LLC increased its stake in First Trust NASDAQ Rising Dividend Achievers by 2.4% in the 1st quarter. Ellsworth Advisors LLC now owns 14,008 shares of the company’s stock worth $629,000 after acquiring an additional 332 shares during the last quarter.

First Trust NASDAQ Rising Dividend Achievers Stock Down 0.5 %

Shares of First Trust NASDAQ Rising Dividend Achievers stock traded down $0.25 during trading on Tuesday, hitting $47.13. 94,501 shares of the stock traded hands, compared to its average volume of 650,604. The stock has a market cap of $8.04 billion, a price-to-earnings ratio of 9.91 and a beta of 1.15. The firm’s fifty day moving average is $48.19 and its 200-day moving average is $46.24. First Trust NASDAQ Rising Dividend Achievers has a 52 week low of $38.34 and a 52 week high of $49.68.

First Trust NASDAQ Rising Dividend Achievers Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 30th. Stockholders of record on Wednesday, June 28th were given a dividend of $0.3021 per share. The ex-dividend date was Tuesday, June 27th. This is a positive change from First Trust NASDAQ Rising Dividend Achievers’s previous quarterly dividend of $0.21. This represents a $1.21 annualized dividend and a dividend yield of 2.56%.

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.