RWA Wealth Partners LLC Buys Shares of 15,459 First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

RWA Wealth Partners LLC bought a new stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 15,459 shares of the company’s stock, valued at approximately $799,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of RDVY. DAVENPORT & Co LLC boosted its stake in 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 acquiring an additional 309 shares during the period. Private Trust Co. NA boosted its position in shares of First Trust NASDAQ Rising Dividend Achievers by 0.9% during the third quarter. Private Trust Co. NA now owns 31,136 shares of the company’s stock worth $1,431,000 after buying an additional 273 shares during the period. Goldstein Advisors LLC boosted its position in shares of First Trust NASDAQ Rising Dividend Achievers by 5.7% during the third quarter. Goldstein Advisors LLC now owns 455,661 shares of the company’s stock worth $20,938,000 after buying an additional 24,648 shares during the period. Zullo Investment Group Inc. boosted its position in shares of First Trust NASDAQ Rising Dividend Achievers by 12.2% during the third quarter. Zullo Investment Group Inc. now owns 8,805 shares of the company’s stock worth $405,000 after buying an additional 955 shares during the period. Finally, U.S. Capital Wealth Advisors LLC boosted its position in shares of First Trust NASDAQ Rising Dividend Achievers by 27.2% during the third quarter. U.S. Capital Wealth Advisors LLC now owns 181,274 shares of the company’s stock worth $8,330,000 after buying an additional 38,783 shares during the period.

First Trust NASDAQ Rising Dividend Achievers Trading Up 0.2 %

Shares of NASDAQ RDVY opened at $54.48 on Thursday. The stock has a 50 day simple moving average of $54.05 and a 200-day simple moving average of $50.64. The company has a market cap of $10.23 billion, a PE ratio of 9.85 and a beta of 1.15. First Trust NASDAQ Rising Dividend Achievers has a 12-month low of $42.42 and a 12-month high of $56.28.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 22nd were issued a dividend of $0.2238 per share. The ex-dividend date was Thursday, March 21st. This represents a $0.90 annualized dividend and a yield of 1.64%.

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.