Frisch Financial Group Inc. Buys Shares of 7,078 First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Frisch Financial Group Inc. bought a new stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 7,078 shares of the company’s stock, valued at approximately $388,000.

Several other institutional investors also recently bought and sold shares of RDVY. Kingswood Wealth Advisors LLC grew its stake in First Trust NASDAQ Rising Dividend Achievers by 3.5% during the 2nd quarter. Kingswood Wealth Advisors LLC now owns 5,573 shares of the company’s stock valued at $305,000 after purchasing an additional 186 shares during the last quarter. IAG Wealth Partners LLC lifted its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 12.5% during the first quarter. IAG Wealth Partners LLC now owns 1,800 shares of the company’s stock worth $101,000 after purchasing an additional 200 shares during the period. Curtis Advisory Group LLC increased its holdings in First Trust NASDAQ Rising Dividend Achievers by 1.0% in the 1st quarter. Curtis Advisory Group LLC now owns 19,583 shares of the company’s stock worth $1,100,000 after buying an additional 200 shares during the period. Kaydan Wealth Management Inc. increased its holdings in First Trust NASDAQ Rising Dividend Achievers by 1.1% in the 1st quarter. Kaydan Wealth Management Inc. now owns 18,651 shares of the company’s stock worth $1,048,000 after buying an additional 206 shares during the period. Finally, SteelPeak Wealth LLC raised its position in First Trust NASDAQ Rising Dividend Achievers by 0.6% during the 1st quarter. SteelPeak Wealth LLC now owns 38,192 shares of the company’s stock worth $2,145,000 after buying an additional 223 shares during the last quarter.

First Trust NASDAQ Rising Dividend Achievers Trading Up 0.7 %

RDVY opened at $57.62 on Tuesday. First Trust NASDAQ Rising Dividend Achievers has a 12-month low of $43.30 and a 12-month high of $59.07. The firm has a market capitalization of $11.47 billion, a PE ratio of 10.08 and a beta of 1.15. The firm has a 50 day moving average of $56.76 and a two-hundred day moving average of $55.41.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, June 27th were given a dividend of $0.2616 per share. This represents a $1.05 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date of this dividend was Thursday, June 27th.

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.