BankPlus Wealth Management LLC Invests $3.86 Million in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

BankPlus Wealth Management LLC acquired a new stake in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 65,256 shares of the company's stock, valued at approximately $3,859,000. First Trust NASDAQ Rising Dividend Achievers comprises about 2.9% of BankPlus Wealth Management LLC's holdings, making the stock its 5th largest holding.

A number of other institutional investors have also modified their holdings of RDVY. Northwest Financial Advisors grew its position in First Trust NASDAQ Rising Dividend Achievers by 7.8% in the 4th quarter. Northwest Financial Advisors now owns 54,223 shares of the company's stock worth $3,207,000 after purchasing an additional 3,940 shares during the last quarter. Foundations Investment Advisors LLC grew its position in First Trust NASDAQ Rising Dividend Achievers by 6.7% in the 4th quarter. Foundations Investment Advisors LLC now owns 298,004 shares of the company's stock worth $17,624,000 after purchasing an additional 18,743 shares during the last quarter. Lighthouse Wealth Management Inc. bought a new position in shares of First Trust NASDAQ Rising Dividend Achievers in the fourth quarter valued at approximately $297,000. Mount Yale Investment Advisors LLC boosted its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 7.2% in the fourth quarter. Mount Yale Investment Advisors LLC now owns 61,198 shares of the company's stock valued at $3,619,000 after acquiring an additional 4,084 shares in the last quarter. Finally, Aurora Private Wealth Inc. boosted its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 22.2% in the fourth quarter. Aurora Private Wealth Inc. now owns 22,331 shares of the company's stock valued at $1,321,000 after acquiring an additional 4,059 shares in the last quarter.

First Trust NASDAQ Rising Dividend Achievers Price Performance

Shares of First Trust NASDAQ Rising Dividend Achievers stock traded down $0.69 on Friday, hitting $62.54. The company had a trading volume of 1,383,167 shares, compared to its average volume of 978,103. The business has a 50-day simple moving average of $61.50 and a 200-day simple moving average of $59.57. The company has a market cap of $13.60 billion, a PE ratio of 10.08 and a beta of 1.15. First Trust NASDAQ Rising Dividend Achievers has a 52 week low of $50.24 and a 52 week high of $64.63.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were issued a $0.2956 dividend. The ex-dividend date of this dividend was Friday, December 13th.

First Trust NASDAQ Rising Dividend Achievers 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.