PMG Wealth Management Inc. purchased a new position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 18,581 shares of the company's stock, valued at approximately $1,099,000. First Trust NASDAQ Rising Dividend Achievers accounts for about 1.0% of PMG Wealth Management Inc.'s investment portfolio, making the stock its 21st largest position.
Other institutional investors have also added to or reduced their stakes in the company. MBE Wealth Management LLC increased its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 4.2% during the fourth quarter. MBE Wealth Management LLC now owns 4,057 shares of the company's stock valued at $240,000 after acquiring an additional 163 shares in the last quarter. Trueblood Wealth Management LLC increased its stake in 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 valued at $723,000 after purchasing an additional 167 shares in the last quarter. Financial Services Advisory Inc raised its holdings in First Trust NASDAQ Rising Dividend Achievers by 1.2% in the third quarter. Financial Services Advisory Inc now owns 14,883 shares of the company's stock worth $881,000 after buying an additional 170 shares during the last quarter. Pacific Sun Financial Corp lifted its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 2.9% in the fourth quarter. Pacific Sun Financial Corp now owns 6,090 shares of the company's stock worth $360,000 after buying an additional 170 shares in the last quarter. Finally, Crewe Advisors LLC grew its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 12.5% during the third quarter. Crewe Advisors LLC now owns 1,635 shares of the company's stock valued at $97,000 after buying an additional 182 shares during the last quarter.
First Trust NASDAQ Rising Dividend Achievers Stock Performance
Shares of RDVY traded down $0.17 on Wednesday, hitting $61.19. 692,024 shares of the stock traded hands, compared to its average volume of 982,587. First Trust NASDAQ Rising Dividend Achievers has a one year low of $52.43 and a one year high of $64.63. The company has a market capitalization of $13.35 billion, a PE ratio of 14.00 and a beta of 1.15. The business has a 50 day simple moving average of $61.25 and a 200 day simple moving average of $60.34.
First Trust NASDAQ Rising Dividend Achievers Cuts Dividend
The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were paid a $0.2956 dividend. The ex-dividend date of this dividend was Friday, December 13th.
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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