Strategic Financial Concepts LLC Takes $2.15 Million Position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Strategic Financial Concepts LLC bought a new position in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 36,268 shares of the company's stock, valued at approximately $2,145,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Principal Securities Inc. lifted its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 58.2% during the fourth quarter. Principal Securities Inc. now owns 140,172 shares of the company's stock worth $8,290,000 after purchasing an additional 51,575 shares during the period. Centerpoint Advisory Group acquired a new stake in shares of First Trust NASDAQ Rising Dividend Achievers during the fourth quarter worth about $2,015,000. Puff Wealth Management LLC purchased a new position in First Trust NASDAQ Rising Dividend Achievers during the fourth quarter valued at approximately $524,000. Hickory Asset Management Inc. purchased a new position in First Trust NASDAQ Rising Dividend Achievers during the fourth quarter valued at approximately $6,065,000. Finally, Walkner Condon Financial Advisors LLC raised its position in First Trust NASDAQ Rising Dividend Achievers by 6.4% during the fourth quarter. Walkner Condon Financial Advisors LLC now owns 56,027 shares of the company's stock valued at $3,313,000 after acquiring an additional 3,389 shares in the last quarter.

First Trust NASDAQ Rising Dividend Achievers Price Performance

RDVY stock traded down $1.56 during trading on Friday, hitting $61.25. 711,388 shares of the company traded hands, compared to its average volume of 995,932. The stock's 50-day simple moving average is $61.24 and its 200 day simple moving average is $60.12. The company has a market cap of $13.65 billion, a PE ratio of 14.00 and a beta of 1.13. First Trust NASDAQ Rising Dividend Achievers has a 1 year low of $51.90 and a 1 year high of $64.63.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

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

First Trust NASDAQ Rising Dividend Achievers 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.