SRS Capital Advisors Inc. Raises Holdings in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

SRS Capital Advisors Inc. raised its stake in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY - Free Report) by 128.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 708,953 shares of the company's stock after buying an additional 398,469 shares during the period. First Trust NASDAQ Rising Dividend Achievers accounts for approximately 2.6% of SRS Capital Advisors Inc.'s portfolio, making the stock its 4th biggest holding. SRS Capital Advisors Inc. owned 0.33% of First Trust NASDAQ Rising Dividend Achievers worth $41,928,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in RDVY. MBE Wealth Management LLC raised its holdings in First Trust NASDAQ Rising Dividend Achievers by 4.2% in the 4th quarter. MBE Wealth Management LLC now owns 4,057 shares of the company's stock worth $240,000 after acquiring an additional 163 shares during the period. Trueblood Wealth Management LLC lifted its position in shares of 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 worth $723,000 after purchasing an additional 167 shares during the last quarter. Financial Services Advisory Inc boosted its stake in First Trust NASDAQ Rising Dividend Achievers by 1.2% during the 3rd quarter. Financial Services Advisory Inc now owns 14,883 shares of the company's stock valued at $881,000 after purchasing an additional 170 shares during the period. Pacific Sun Financial Corp grew its holdings in First Trust NASDAQ Rising Dividend Achievers by 2.9% in the 4th quarter. Pacific Sun Financial Corp now owns 6,090 shares of the company's stock valued at $360,000 after buying an additional 170 shares during the last quarter. Finally, Crewe Advisors LLC increased 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 worth $97,000 after buying an additional 182 shares during the period.

First Trust NASDAQ Rising Dividend Achievers Stock Down 1.9 %

Shares of RDVY stock traded down $1.16 during trading hours on Monday, reaching $60.31. 856,707 shares of the company's stock were exchanged, compared to its average volume of 973,371. The business has a fifty day moving average price of $61.39 and a 200-day moving average price of $60.47. The stock has a market capitalization of $13.16 billion, a P/E ratio of 14.00 and a beta of 1.15. First Trust NASDAQ Rising Dividend Achievers has a fifty-two week low of $52.78 and a fifty-two week high of $64.63.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were paid a dividend of $0.2956 per share. The ex-dividend date 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.