Next Level Private LLC Raises Holdings in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Next Level Private LLC raised its position in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 17.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 60,052 shares of the company’s stock after acquiring an additional 8,942 shares during the quarter. First Trust NASDAQ Rising Dividend Achievers makes up about 1.8% of Next Level Private LLC’s holdings, making the stock its 16th largest holding. Next Level Private LLC’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $3,103,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in RDVY. Cozad Asset Management Inc. increased its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 0.4% in the third quarter. Cozad Asset Management Inc. now owns 69,703 shares of the company’s stock valued at $3,203,000 after purchasing an additional 249 shares during the last quarter. Private Trust Co. NA increased its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 0.9% in the third quarter. Private Trust Co. NA now owns 31,136 shares of the company’s stock valued at $1,431,000 after purchasing an additional 273 shares during the last quarter. Castleview Partners LLC increased its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 4.2% in the first quarter. Castleview Partners LLC now owns 7,239 shares of the company’s stock valued at $325,000 after purchasing an additional 291 shares during the last quarter. DAVENPORT & Co LLC increased its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 5.0% in the third quarter. DAVENPORT & Co LLC now owns 6,475 shares of the company’s stock valued at $298,000 after purchasing an additional 309 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC increased its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 6.5% in the fourth quarter. Dynamic Advisor Solutions LLC now owns 5,309 shares of the company’s stock valued at $273,000 after purchasing an additional 323 shares during the last quarter.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

NASDAQ:RDVY opened at $55.87 on Thursday. First Trust NASDAQ Rising Dividend Achievers has a one year low of $42.42 and a one year high of $55.97. The stock has a market cap of $10.14 billion, a PE ratio of 9.91 and a beta of 1.15. The stock has a 50 day moving average price of $52.67 and a 200 day moving average price of $49.48.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 28th. Shareholders of record on Friday, March 22nd will be paid a dividend of $0.2238 per share. The ex-dividend date is Thursday, March 21st. This represents a $0.90 annualized dividend and a yield of 1.60%.

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.