World Equity Group Inc. Acquires 6,090 Shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

World Equity Group Inc. boosted its holdings in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 15.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 44,992 shares of the company’s stock after purchasing an additional 6,090 shares during the quarter. First Trust NASDAQ Rising Dividend Achievers comprises 1.0% of World Equity Group Inc.’s portfolio, making the stock its 21st biggest holding. World Equity Group Inc.’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $2,664,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Kingswood Wealth Advisors LLC increased its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 3.5% in the second quarter. Kingswood Wealth Advisors LLC now owns 5,573 shares of the company’s stock worth $305,000 after purchasing an additional 186 shares during the last quarter. Arkadios Wealth Advisors increased its stake in First Trust NASDAQ Rising Dividend Achievers by 0.3% in the 2nd quarter. Arkadios Wealth Advisors now owns 71,312 shares of the company’s stock worth $3,904,000 after acquiring an additional 228 shares during the last quarter. Old Port Advisors raised its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 3.9% during the 2nd quarter. Old Port Advisors now owns 6,728 shares of the company’s stock worth $368,000 after acquiring an additional 250 shares in the last quarter. Hazlett Burt & Watson Inc. boosted its position in shares of First Trust NASDAQ Rising Dividend Achievers by 54.2% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 740 shares of the company’s stock valued at $40,000 after acquiring an additional 260 shares during the last quarter. Finally, Alliance Wealth Advisors LLC grew its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 0.5% in the second quarter. Alliance Wealth Advisors LLC now owns 52,867 shares of the company’s stock valued at $2,894,000 after purchasing an additional 267 shares in the last quarter.

First Trust NASDAQ Rising Dividend Achievers Stock Up 0.5 %

First Trust NASDAQ Rising Dividend Achievers stock traded up $0.30 during mid-day trading on Monday, reaching $59.17. 136,197 shares of the company’s stock traded hands, compared to its average volume of 713,615. First Trust NASDAQ Rising Dividend Achievers has a 12-month low of $45.15 and a 12-month high of $60.94. The stock has a 50 day moving average of $58.69 and a two-hundred day moving average of $56.53. The company has a market cap of $12.20 billion, a price-to-earnings ratio of 10.08 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were given a dividend of $0.1912 per share. The ex-dividend date was Thursday, September 26th. This represents a $0.76 dividend on an annualized basis and a yield of 1.29%.

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.