Trueblood Wealth Management LLC Takes Position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Trueblood Wealth Management LLC bought a new stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) during the 4th quarter, Holdings Channel reports. The firm bought 7,896 shares of the company’s stock, valued at approximately $408,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Harbor Investment Advisory LLC bought a new stake in First Trust NASDAQ Rising Dividend Achievers during the third quarter worth $29,000. BKM Wealth Management LLC bought a new position in First Trust NASDAQ Rising Dividend Achievers during the 4th quarter worth $43,000. Crewe Advisors LLC bought a new position in First Trust NASDAQ Rising Dividend Achievers during the 3rd quarter worth $47,000. VitalStone Financial LLC raised its position in First Trust NASDAQ Rising Dividend Achievers by 40.5% during the 3rd quarter. VitalStone Financial LLC now owns 2,144 shares of the company’s stock worth $98,000 after purchasing an additional 618 shares during the last quarter. Finally, New Republic Capital LLC acquired a new stake in First Trust NASDAQ Rising Dividend Achievers during the 2nd quarter worth about $108,000.

First Trust NASDAQ Rising Dividend Achievers Stock Up 0.5 %

First Trust NASDAQ Rising Dividend Achievers stock traded up $0.30 during trading hours on Thursday, reaching $56.17. 768,798 shares of the company’s stock were exchanged, compared to its average volume of 826,792. The firm’s 50 day simple moving average is $52.67 and its 200 day simple moving average is $49.48. First Trust NASDAQ Rising Dividend Achievers has a twelve month low of $42.42 and a twelve month high of $56.28. The firm has a market capitalization of $10.19 billion, a PE ratio of 9.91 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 28th. Stockholders of record on Friday, March 22nd will be paid a $0.2238 dividend. The ex-dividend date of this dividend is Thursday, March 21st. This represents a $0.90 annualized dividend and a dividend yield of 1.59%.

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.