4,683 Shares in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) Purchased by Nwam LLC

Nwam LLC bought a new stake in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor bought 4,683 shares of the company’s stock, valued at approximately $277,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in RDVY. BNP Paribas Financial Markets increased its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 24,700.0% during the first quarter. BNP Paribas Financial Markets now owns 496 shares of the company’s stock valued at $28,000 after acquiring an additional 494 shares during the period. Headlands Technologies LLC acquired a new position in shares of First Trust NASDAQ Rising Dividend Achievers during the 2nd quarter valued at $29,000. Kings Path Partners LLC acquired a new position in shares of First Trust NASDAQ Rising Dividend Achievers during the 2nd quarter valued at $31,000. Russell Investments Group Ltd. bought a new stake in shares of First Trust NASDAQ Rising Dividend Achievers in the 1st quarter worth $34,000. Finally, Rothschild Investment LLC acquired a new stake in shares of First Trust NASDAQ Rising Dividend Achievers in the second quarter valued at $34,000.

First Trust NASDAQ Rising Dividend Achievers Stock Up 1.0 %

Shares of RDVY stock opened at $64.37 on Tuesday. The stock has a 50-day simple moving average of $60.32 and a 200 day simple moving average of $57.46. First Trust NASDAQ Rising Dividend Achievers has a fifty-two week low of $47.18 and a fifty-two week high of $64.63. The stock has a market capitalization of $13.27 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 disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were paid a $0.1912 dividend. The ex-dividend date was Thursday, September 26th. This represents a $0.76 annualized dividend and a dividend yield of 1.19%.

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.