Solano Wealth Investment Advisors LLC Makes New $11.33 Million Investment in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Solano Wealth Investment Advisors LLC acquired a new stake in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 191,548 shares of the company's stock, valued at approximately $11,328,000. First Trust NASDAQ Rising Dividend Achievers accounts for 6.8% of Solano Wealth Investment Advisors LLC's investment portfolio, making the stock its 6th largest holding. Solano Wealth Investment Advisors LLC owned approximately 0.09% of First Trust NASDAQ Rising Dividend Achievers as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Cullen Frost Bankers Inc. bought a new position in shares of First Trust NASDAQ Rising Dividend Achievers during the 4th quarter worth approximately $25,000. Graney & King LLC purchased a new position in First Trust NASDAQ Rising Dividend Achievers during the 4th quarter valued at about $27,000. Sound Income Strategies LLC bought a new stake in First Trust NASDAQ Rising Dividend Achievers during the 4th quarter worth approximately $40,000. Sugarloaf Wealth Management LLC purchased a new position in First Trust NASDAQ Rising Dividend Achievers during the fourth quarter worth about $40,000. Finally, O Shaughnessy Asset Management LLC lifted its position in First Trust NASDAQ Rising Dividend Achievers by 169.0% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 901 shares of the company's stock valued at $53,000 after purchasing an additional 566 shares during the last quarter.

First Trust NASDAQ Rising Dividend Achievers Stock Down 0.5 %

Shares of First Trust NASDAQ Rising Dividend Achievers stock traded down $0.27 during trading on Wednesday, reaching $55.09. The company's stock had a trading volume of 492,135 shares, compared to its average volume of 822,071. The firm's 50-day moving average is $58.90 and its two-hundred day moving average is $60.37. The company has a market cap of $12.72 billion, a price-to-earnings ratio of 13.97 and a beta of 1.08. First Trust NASDAQ Rising Dividend Achievers has a 52-week low of $50.27 and a 52-week high of $64.63.

First Trust NASDAQ Rising Dividend Achievers Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were paid a $0.2544 dividend. This represents a $1.02 annualized dividend and a dividend yield of 1.85%. This is a positive change from First Trust NASDAQ Rising Dividend Achievers's previous quarterly dividend of $0.19. 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.