Winebrenner Capital Management LLC Purchases New Stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Winebrenner Capital Management LLC acquired a new position in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 20,728 shares of the company's stock, valued at approximately $1,226,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in RDVY. LPL Financial LLC boosted its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 4.9% in the 3rd quarter. LPL Financial LLC now owns 20,326,430 shares of the company's stock worth $1,203,528,000 after acquiring an additional 953,708 shares in the last quarter. International Assets Investment Management LLC grew its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 5,796.9% during the third quarter. International Assets Investment Management LLC now owns 6,803,294 shares of the company's stock worth $402,823,000 after purchasing an additional 6,687,924 shares during the last quarter. Private Advisor Group LLC increased its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 11.9% in the fourth quarter. Private Advisor Group LLC now owns 1,835,062 shares of the company's stock valued at $108,526,000 after buying an additional 195,213 shares in the last quarter. Stifel Financial Corp raised its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 2.2% in the third quarter. Stifel Financial Corp now owns 1,675,769 shares of the company's stock valued at $99,224,000 after buying an additional 35,479 shares during the last quarter. Finally, HighTower Advisors LLC raised its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 47.3% in the third quarter. HighTower Advisors LLC now owns 1,267,282 shares of the company's stock valued at $75,007,000 after buying an additional 406,747 shares during the last quarter.

First Trust NASDAQ Rising Dividend Achievers Stock Down 0.3 %

NASDAQ:RDVY traded down $0.17 during mid-day trading on Wednesday, reaching $61.19. 692,024 shares of the company were exchanged, compared to its average volume of 982,590. The stock has a market cap of $13.35 billion, a PE ratio of 14.00 and a beta of 1.15. First Trust NASDAQ Rising Dividend Achievers has a 12 month low of $52.43 and a 12 month high of $64.63. The company has a fifty day moving average of $61.25 and a 200 day moving average of $60.34.

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 issued a $0.2956 dividend. The ex-dividend date 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.