Traynor Capital Management Inc. Buys Shares of 3,528 First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Traynor Capital Management Inc. purchased a new position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,528 shares of the company’s stock, valued at approximately $209,000.

Several other institutional investors have also made changes to their positions in RDVY. Sugarloaf Wealth Management LLC purchased a new stake in First Trust NASDAQ Rising Dividend Achievers in the 4th quarter worth approximately $40,000. Eastern Bank purchased a new stake in shares of First Trust NASDAQ Rising Dividend Achievers during the fourth quarter worth $57,000. Crewe Advisors LLC boosted its position in First Trust NASDAQ Rising Dividend Achievers by 12.5% during the third quarter. Crewe Advisors LLC now owns 1,635 shares of the company’s stock valued at $97,000 after purchasing an additional 182 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in First Trust NASDAQ Rising Dividend Achievers in the third quarter valued at about $104,000. Finally, Venturi Wealth Management LLC purchased a new position in First Trust NASDAQ Rising Dividend Achievers in the third quarter valued at about $105,000.

First Trust NASDAQ Rising Dividend Achievers Price Performance

Shares of First Trust NASDAQ Rising Dividend Achievers stock opened at $62.88 on Friday. The firm has a market cap of $13.60 billion, a price-to-earnings ratio of 10.08 and a beta of 1.15. The stock has a 50-day simple moving average of $61.44 and a 200-day simple moving average of $59.29. First Trust NASDAQ Rising Dividend Achievers has a 52-week low of $50.24 and a 52-week high of $64.63.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were paid a $0.2956 dividend. The ex-dividend date was Friday, December 13th.

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.