Garden State Investment Advisory Services LLC Makes New Investment in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Garden State Investment Advisory Services LLC purchased a new position in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 4,970 shares of the company's stock, valued at approximately $294,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. ORG Partners LLC boosted its position in shares of First Trust NASDAQ Rising Dividend Achievers by 259.3% in the 4th quarter. ORG Partners LLC now owns 202,120 shares of the company's stock valued at $11,953,000 after purchasing an additional 145,866 shares during the period. SMART Wealth LLC grew its position in First Trust NASDAQ Rising Dividend Achievers by 21.4% during the 3rd quarter. SMART Wealth LLC now owns 95,355 shares of the company's stock worth $5,646,000 after purchasing an additional 16,777 shares during the last quarter. Next Level Private LLC increased its position in First Trust NASDAQ Rising Dividend Achievers by 6.2% in the 4th quarter. Next Level Private LLC now owns 262,333 shares of the company's stock valued at $15,514,000 after acquiring an additional 15,253 shares during the period. Aspire Capital Advisors LLC grew its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 3.7% in the 4th quarter. Aspire Capital Advisors LLC now owns 213,876 shares of the company's stock valued at $12,649,000 after purchasing an additional 7,558 shares during the last quarter. Finally, Hidden Cove Wealth Management LLC purchased a new stake in shares of First Trust NASDAQ Rising Dividend Achievers during the fourth quarter worth approximately $4,219,000.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

RDVY traded up $1.19 during trading on Tuesday, hitting $54.63. The stock had a trading volume of 544,195 shares, compared to its average volume of 826,222. First Trust NASDAQ Rising Dividend Achievers has a twelve month low of $50.27 and a twelve month high of $64.63. The firm has a market capitalization of $12.63 billion, a P/E ratio of 13.97 and a beta of 1.15. The company's 50-day moving average price is $58.28 and its 200 day moving average price is $60.24.

First Trust NASDAQ Rising Dividend Achievers Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were issued a dividend of $0.2544 per share. This is a boost from First Trust NASDAQ Rising Dividend Achievers's previous quarterly dividend of $0.19. This represents a $1.02 annualized dividend and a yield of 1.86%. The ex-dividend date was Thursday, March 27th.

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.