Claro Advisors LLC Has $3.72 Million Position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Claro Advisors LLC lifted its position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 29.3% in the third quarter, Holdings Channel.com reports. The institutional investor owned 62,771 shares of the company’s stock after buying an additional 14,235 shares during the period. Claro Advisors LLC’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $3,717,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Financial Services Advisory Inc increased its position in shares of 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 valued at $881,000 after acquiring an additional 170 shares during the last quarter. Kingswood Wealth Advisors LLC increased 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 worth $305,000 after purchasing an additional 186 shares during the last quarter. Arkadios Wealth Advisors raised its stake 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 worth $3,904,000 after purchasing an additional 228 shares in the last quarter. Old Port Advisors boosted 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 buying an additional 250 shares during the last quarter. Finally, Hazlett Burt & Watson Inc. grew its stake in shares of 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 valued at $40,000 after buying an additional 260 shares in the last quarter.

First Trust NASDAQ Rising Dividend Achievers Trading Down 0.9 %

Shares of RDVY opened at $61.90 on Friday. The company’s fifty day simple moving average is $59.58 and its 200 day simple moving average is $57.08. First Trust NASDAQ Rising Dividend Achievers has a 1-year low of $46.60 and a 1-year high of $63.72. The company has a market cap of $12.76 billion, a price-to-earnings ratio of 10.08 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were paid a dividend of $0.1912 per share. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $0.76 annualized dividend and a dividend yield of 1.24%.

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.