Goldstone Financial Group LLC acquired a new position in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY - Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 48,137 shares of the company's stock, valued at approximately $2,850,000.
Several other hedge funds have also added to or reduced their stakes in RDVY. SteelPeak Wealth LLC lifted its position in First Trust NASDAQ Rising Dividend Achievers by 1.6% during the third quarter. SteelPeak Wealth LLC now owns 37,239 shares of the company's stock valued at $2,205,000 after purchasing an additional 577 shares during the period. Twin Peaks Wealth Advisors LLC grew its stake in First Trust NASDAQ Rising Dividend Achievers by 7.3% in the third quarter. Twin Peaks Wealth Advisors LLC now owns 32,661 shares of the company's stock worth $1,934,000 after purchasing an additional 2,208 shares in the last quarter. Valmark Advisers Inc. grew its stake in First Trust NASDAQ Rising Dividend Achievers by 33.4% in the third quarter. Valmark Advisers Inc. now owns 270,843 shares of the company's stock worth $16,037,000 after purchasing an additional 67,869 shares in the last quarter. Cutter & CO Brokerage Inc. bought a new stake in First Trust NASDAQ Rising Dividend Achievers during the 3rd quarter valued at $220,000. Finally, Barrett & Company Inc. boosted its position in shares of First Trust NASDAQ Rising Dividend Achievers by 1.0% in the 3rd quarter. Barrett & Company Inc. now owns 30,293 shares of the company's stock worth $1,794,000 after purchasing an additional 294 shares in the last quarter.
First Trust NASDAQ Rising Dividend Achievers Stock Down 1.2 %
Shares of NASDAQ:RDVY traded down $0.72 during trading on Thursday, reaching $59.29. 461,596 shares of the company's stock traded hands, compared to its average volume of 715,338. First Trust NASDAQ Rising Dividend Achievers has a fifty-two week low of $43.82 and a fifty-two week high of $60.94. The firm has a market cap of $12.18 billion, a PE ratio of 10.08 and a beta of 1.15. The company has a 50-day simple moving average of $58.64 and a 200-day simple moving average of $56.43.
First Trust NASDAQ Rising Dividend Achievers Cuts Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were given a dividend of $0.1912 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.29%. The ex-dividend date was Thursday, September 26th.
About First Trust NASDAQ Rising Dividend Achievers
(
Free Report)
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.
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