PKS Advisory Services LLC Takes Position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

PKS Advisory Services LLC purchased a new position in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 19,027 shares of the company's stock, valued at approximately $1,125,000.

A number of other institutional investors and hedge funds have also made changes to their positions in RDVY. MBE Wealth Management LLC lifted its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 4.2% in the fourth quarter. MBE Wealth Management LLC now owns 4,057 shares of the company's stock valued at $240,000 after purchasing an additional 163 shares in the last quarter. Trueblood Wealth Management LLC lifted its position in First Trust NASDAQ Rising Dividend Achievers by 1.4% during the fourth quarter. Trueblood Wealth Management LLC now owns 12,233 shares of the company's stock valued at $723,000 after buying an additional 167 shares in the last quarter. Pacific Sun Financial Corp increased its holdings in First Trust NASDAQ Rising Dividend Achievers by 2.9% in the 4th quarter. Pacific Sun Financial Corp now owns 6,090 shares of the company's stock valued at $360,000 after purchasing an additional 170 shares in the last quarter. Crewe Advisors LLC lifted its position in First Trust NASDAQ Rising Dividend Achievers by 12.5% during the 3rd quarter. Crewe Advisors LLC now owns 1,635 shares of the company's stock worth $97,000 after acquiring an additional 182 shares in the last quarter. Finally, Wealth Effects LLC increased its stake in First Trust NASDAQ Rising Dividend Achievers by 0.6% during the 4th quarter. Wealth Effects LLC now owns 34,830 shares of the company's stock worth $2,060,000 after buying an additional 200 shares during the period.

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First Trust NASDAQ Rising Dividend Achievers Stock Performance

Shares of RDVY stock traded down $1.20 during mid-day trading on Friday, reaching $58.03. 1,531,740 shares of the company were exchanged, compared to its average volume of 773,474. The business's 50 day simple moving average is $60.99 and its 200 day simple moving average is $60.67. First Trust NASDAQ Rising Dividend Achievers has a fifty-two week low of $52.78 and a fifty-two week high of $64.63. The company has a market capitalization of $12.66 billion, a P/E ratio of 14.89 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 27th will be given a dividend of $0.2544 per share. This represents a $1.02 dividend on an annualized basis and a dividend yield of 1.75%. This is an increase from First Trust NASDAQ Rising Dividend Achievers's previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Thursday, March 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.