Elios Financial Group Inc. Buys New Stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Elios Financial Group Inc. purchased a new position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 113,687 shares of the company's stock, valued at approximately $6,731,000. First Trust NASDAQ Rising Dividend Achievers comprises approximately 3.1% of Elios Financial Group Inc.'s investment portfolio, making the stock its 7th biggest position. Elios Financial Group Inc. owned about 0.06% of First Trust NASDAQ Rising Dividend Achievers at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the business. BNP Paribas Financial Markets raised its position in shares of First Trust NASDAQ Rising Dividend Achievers by 24,700.0% in the 1st quarter. BNP Paribas Financial Markets now owns 496 shares of the company's stock valued at $28,000 after purchasing an additional 494 shares during the last quarter. Russell Investments Group Ltd. acquired a new stake in shares of First Trust NASDAQ Rising Dividend Achievers during the first quarter worth $34,000. Coppell Advisory Solutions Corp. purchased a new stake in shares of First Trust NASDAQ Rising Dividend Achievers during the first quarter valued at $3,569,000. Comerica Bank grew its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 1.4% during the first quarter. Comerica Bank now owns 109,156 shares of the company's stock valued at $6,131,000 after buying an additional 1,515 shares during the last quarter. Finally, Jaffetilchin Investment Partners LLC increased its position in shares of First Trust NASDAQ Rising Dividend Achievers by 9.5% in the 1st quarter. Jaffetilchin Investment Partners LLC now owns 300,570 shares of the company's stock valued at $16,883,000 after acquiring an additional 26,013 shares during the period.

First Trust NASDAQ Rising Dividend Achievers Price Performance

RDVY traded down $0.35 on Tuesday, reaching $64.02. 648,764 shares of the stock were exchanged, compared to its average volume of 719,227. The company's 50-day moving average price is $60.32 and its 200 day moving average price is $57.46. The firm has a market capitalization of $13.20 billion, a PE ratio of 10.08 and a beta of 1.15. First Trust NASDAQ Rising Dividend Achievers has a fifty-two week low of $47.18 and a fifty-two week high of $64.63.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were issued a dividend of $0.1912 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date of this dividend was Thursday, September 26th.

First Trust NASDAQ Rising Dividend Achievers Company 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.