Woodmont Investment Counsel LLC Boosts Stock Holdings in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Woodmont Investment Counsel LLC boosted its stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 61.5% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,362 shares of the company’s stock after purchasing an additional 2,422 shares during the quarter. Woodmont Investment Counsel LLC’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $377,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Financial Services Advisory Inc increased its position in First Trust NASDAQ Rising Dividend Achievers by 1.2% in the third quarter. Financial Services Advisory Inc now owns 14,883 shares of the company’s stock worth $881,000 after purchasing an additional 170 shares during the last quarter. Kingswood Wealth Advisors LLC raised its position in shares of First Trust NASDAQ Rising Dividend Achievers by 3.5% during the 2nd quarter. Kingswood Wealth Advisors LLC now owns 5,573 shares of the company’s stock valued at $305,000 after buying an additional 186 shares in the last quarter. Arkadios Wealth Advisors raised its position in shares of First Trust NASDAQ Rising Dividend Achievers by 0.3% during the 2nd quarter. Arkadios Wealth Advisors now owns 71,312 shares of the company’s stock valued at $3,904,000 after buying an additional 228 shares in the last quarter. Old Port Advisors lifted its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 3.9% in the 2nd quarter. Old Port Advisors now owns 6,728 shares of the company’s stock valued at $368,000 after acquiring an additional 250 shares during the last quarter. Finally, Hazlett Burt & Watson Inc. grew its position in First Trust NASDAQ Rising Dividend Achievers by 54.2% in the second quarter. Hazlett Burt & Watson Inc. now owns 740 shares of the company’s stock worth $40,000 after acquiring an additional 260 shares in the last quarter.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

NASDAQ RDVY opened at $62.73 on Friday. The business’s 50 day moving average price is $58.95 and its 200-day moving average price is $56.70. First Trust NASDAQ Rising Dividend Achievers has a fifty-two week low of $45.15 and a fifty-two week high of $63.51. The company has a market cap of $12.93 billion, a P/E ratio of 10.08 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were issued a $0.1912 dividend. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $0.76 annualized dividend and a dividend yield of 1.22%.

About First Trust NASDAQ Rising Dividend Achievers

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.