First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) is Spectrum Wealth Advisory Group LLC's 5th Largest Position

Spectrum Wealth Advisory Group LLC lifted its position in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY - Free Report) by 19.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 249,602 shares of the company's stock after purchasing an additional 40,310 shares during the period. First Trust NASDAQ Rising Dividend Achievers accounts for 7.0% of Spectrum Wealth Advisory Group LLC's portfolio, making the stock its 5th largest holding. Spectrum Wealth Advisory Group LLC owned 0.11% of First Trust NASDAQ Rising Dividend Achievers worth $14,761,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of RDVY. MBE Wealth Management LLC grew its position in shares of First Trust NASDAQ Rising Dividend Achievers by 4.2% during the 4th quarter. MBE Wealth Management LLC now owns 4,057 shares of the company's stock worth $240,000 after purchasing an additional 163 shares in the last quarter. Trueblood Wealth Management LLC lifted its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 1.4% during the 4th quarter. Trueblood Wealth Management LLC now owns 12,233 shares of the company's stock worth $723,000 after acquiring an additional 167 shares during the period. Financial Services Advisory Inc lifted its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 1.2% during the 3rd quarter. Financial Services Advisory Inc now owns 14,883 shares of the company's stock worth $881,000 after acquiring an additional 170 shares during the period. Crewe Advisors LLC lifted its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 12.5% during the 3rd quarter. Crewe Advisors LLC now owns 1,635 shares of the company's stock worth $97,000 after acquiring an additional 182 shares during the period. Finally, L & S Advisors Inc lifted its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 1.0% during the 3rd quarter. L & S Advisors Inc now owns 19,350 shares of the company's stock worth $1,146,000 after acquiring an additional 197 shares during the period.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

Shares of First Trust NASDAQ Rising Dividend Achievers stock traded down $0.58 on Thursday, reaching $62.81. 949,844 shares of the stock were exchanged, compared to its average volume of 1,004,556. The firm's 50 day moving average is $61.24 and its 200-day moving average is $60.12. First Trust NASDAQ Rising Dividend Achievers has a one year low of $51.52 and a one year high of $64.63. The firm has a market cap of $13.70 billion, a PE ratio of 10.08 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

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