Lighthouse Wealth Management Inc. Acquires New Position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Lighthouse Wealth Management Inc. acquired a new position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 5,020 shares of the company's stock, valued at approximately $297,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Sugarloaf Wealth Management LLC purchased a new stake in First Trust NASDAQ Rising Dividend Achievers during the 4th quarter worth approximately $40,000. Sound Income Strategies LLC acquired a new position in shares of First Trust NASDAQ Rising Dividend Achievers in the 4th quarter valued at $40,000. Eastern Bank acquired a new position in shares of First Trust NASDAQ Rising Dividend Achievers in the 4th quarter valued at $57,000. Blue Trust Inc. lifted its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 2,807.1% in the 4th quarter. Blue Trust Inc. now owns 1,221 shares of the company's stock valued at $72,000 after purchasing an additional 1,179 shares during the period. Finally, Crewe Advisors LLC lifted its stake 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 purchasing an additional 182 shares during the period.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

Shares of RDVY traded up $0.12 during trading hours on Monday, hitting $62.64. The stock had a trading volume of 1,079,139 shares, compared to its average volume of 955,646. The firm has a 50-day moving average price of $61.46 and a 200 day moving average price of $59.43. First Trust NASDAQ Rising Dividend Achievers has a fifty-two week low of $50.24 and a fifty-two week high of $64.63. The firm has a market capitalization of $13.57 billion, a price-to-earnings ratio of 10.08 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were given a dividend of $0.2956 per share. 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.