Envision Financial LLC Makes New Investment in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Envision Financial LLC purchased a new stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 59,154 shares of the company's stock, valued at approximately $3,498,000. First Trust NASDAQ Rising Dividend Achievers accounts for about 2.8% of Envision Financial LLC's investment portfolio, making the stock its 12th largest holding.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in RDVY. Spectrum Wealth Advisory Group LLC bought a new stake in First Trust NASDAQ Rising Dividend Achievers during the third quarter worth about $12,392,000. D.A. Davidson & CO. increased its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 4.5% in the third quarter. D.A. Davidson & CO. now owns 674,180 shares of the company's stock worth $39,918,000 after buying an additional 29,294 shares during the period. Perennial Investment Advisors LLC lifted its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 6.5% in the 2nd quarter. Perennial Investment Advisors LLC now owns 324,521 shares of the company's stock valued at $17,767,000 after acquiring an additional 19,794 shares during the last quarter. Claro Advisors LLC boosted its holdings in First Trust NASDAQ Rising Dividend Achievers by 29.3% during the 3rd quarter. Claro Advisors LLC now owns 62,771 shares of the company's stock valued at $3,717,000 after acquiring an additional 14,235 shares during the period. Finally, Elios Financial Group Inc. bought a new position in First Trust NASDAQ Rising Dividend Achievers during the 3rd quarter worth approximately $6,731,000.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

Shares of NASDAQ RDVY traded up $0.90 during mid-day trading on Monday, hitting $59.83. The stock had a trading volume of 789,322 shares, compared to its average volume of 878,846. The firm has a market cap of $12.86 billion, a P/E ratio of 10.08 and a beta of 1.15. First Trust NASDAQ Rising Dividend Achievers has a 1 year low of $49.60 and a 1 year high of $64.63. The business has a 50 day moving average price of $61.51 and a two-hundred day moving average price of $58.93.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

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