RPS Advisory Solutions LLC Makes New Investment in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

RPS Advisory Solutions LLC purchased a new stake in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 33,657 shares of the company's stock, valued at approximately $1,990,000. First Trust NASDAQ Rising Dividend Achievers comprises about 1.2% of RPS Advisory Solutions LLC's investment portfolio, making the stock its 18th largest holding.

Several other hedge funds also recently added to or reduced their stakes in RDVY. Sound Income Strategies LLC purchased a new stake in First Trust NASDAQ Rising Dividend Achievers in the fourth quarter worth $40,000. Sugarloaf Wealth Management LLC purchased a new position in First Trust NASDAQ Rising Dividend Achievers in the 4th quarter worth about $40,000. Eastern Bank bought a new stake in First Trust NASDAQ Rising Dividend Achievers during the 4th quarter valued at about $57,000. Blue Trust Inc. lifted its holdings in First Trust NASDAQ Rising Dividend Achievers by 2,807.1% during the 4th quarter. Blue Trust Inc. now owns 1,221 shares of the company's stock valued at $72,000 after buying an additional 1,179 shares in the last quarter. Finally, Crewe Advisors LLC boosted its position in 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 buying an additional 182 shares during the period.

First Trust NASDAQ Rising Dividend Achievers Price Performance

Shares of NASDAQ:RDVY traded down $0.15 during trading on Tuesday, reaching $61.21. 746,273 shares of the company were exchanged, compared to its average volume of 983,339. The business's fifty day simple moving average is $61.24 and its 200-day simple moving average is $60.30. First Trust NASDAQ Rising Dividend Achievers has a 12-month low of $52.26 and a 12-month high of $64.63. The firm has a market capitalization of $13.35 billion, a PE ratio of 14.00 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were issued 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.