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

Fairway Financial LLC purchased a new position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 123,202 shares of the company's stock, valued at approximately $7,286,000. First Trust NASDAQ Rising Dividend Achievers comprises about 6.7% of Fairway Financial LLC's portfolio, making the stock its 6th biggest position. Fairway Financial LLC owned approximately 0.06% of First Trust NASDAQ Rising Dividend Achievers as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in RDVY. Sugarloaf Wealth Management LLC purchased a new stake in shares of First Trust NASDAQ Rising Dividend Achievers during the 4th quarter worth $40,000. Sound Income Strategies LLC purchased a new stake in First Trust NASDAQ Rising Dividend Achievers during the 4th quarter worth about $40,000. Eastern Bank purchased a new stake in First Trust NASDAQ Rising Dividend Achievers during the 4th quarter worth about $57,000. Blue Trust Inc. boosted its position in shares of First Trust NASDAQ Rising Dividend Achievers by 2,807.1% during the 4th quarter. Blue Trust Inc. now owns 1,221 shares of the company's stock worth $72,000 after acquiring an additional 1,179 shares in the last quarter. Finally, Crewe Advisors LLC increased 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 valued at $97,000 after acquiring an additional 182 shares during the last quarter.

First Trust NASDAQ Rising Dividend Achievers Price Performance

Shares of NASDAQ:RDVY remained flat at $61.36 during trading on Tuesday. 992,314 shares of the stock traded hands, compared to its average volume of 990,598. The company has a 50-day moving average of $61.24 and a 200 day moving average of $60.30. First Trust NASDAQ Rising Dividend Achievers has a twelve month low of $52.26 and a twelve month high of $64.63. The stock has a market capitalization of $13.39 billion, a PE ratio of 14.00 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

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

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.