First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) Stake Increased by EdgeRock Capital LLC

EdgeRock Capital LLC grew its stake in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY - Free Report) by 24.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 46,017 shares of the company's stock after buying an additional 9,148 shares during the quarter. First Trust NASDAQ Rising Dividend Achievers comprises 1.8% of EdgeRock Capital LLC's holdings, making the stock its 12th biggest position. EdgeRock Capital LLC's holdings in First Trust NASDAQ Rising Dividend Achievers were worth $2,721,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Sound Income Strategies LLC bought a new position in First Trust NASDAQ Rising Dividend Achievers during the fourth quarter valued at about $40,000. Sugarloaf Wealth Management LLC acquired a new stake in First Trust NASDAQ Rising Dividend Achievers in the 4th quarter valued at about $40,000. Eastern Bank bought a new position in shares of First Trust NASDAQ Rising Dividend Achievers during the 4th quarter valued at about $57,000. Blue Trust Inc. grew its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 2,807.1% in the 4th quarter. Blue Trust Inc. now owns 1,221 shares of the company's stock worth $72,000 after purchasing an additional 1,179 shares during the last quarter. Finally, Crewe Advisors LLC raised its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 12.5% in the 3rd quarter. Crewe Advisors LLC now owns 1,635 shares of the company's stock worth $97,000 after purchasing an additional 182 shares in the last quarter.

First Trust NASDAQ Rising Dividend Achievers Trading Up 1.1 %

RDVY stock traded up $0.65 on Friday, hitting $61.47. 867,618 shares of the company's stock traded hands, compared to its average volume of 979,847. The stock has a market cap of $13.41 billion, a price-to-earnings ratio of 14.00 and a beta of 1.15. First Trust NASDAQ Rising Dividend Achievers has a 1-year low of $52.59 and a 1-year high of $64.63. The stock has a fifty day moving average of $61.35 and a 200-day moving average of $60.35.

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 given a dividend of $0.2956 per share. The ex-dividend date was Friday, December 13th.

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.