Altus Wealth Group LLC Raises Stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Altus Wealth Group LLC grew its holdings in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 419.0% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 19,887 shares of the company’s stock after buying an additional 16,055 shares during the period. Altus Wealth Group LLC’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $1,176,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the business. LPL Financial LLC lifted its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 4.9% during the third quarter. LPL Financial LLC now owns 20,326,430 shares of the company’s stock worth $1,203,528,000 after purchasing an additional 953,708 shares during the period. Raymond James Financial Inc. purchased a new stake in First Trust NASDAQ Rising Dividend Achievers during the fourth quarter worth about $593,242,000. Commonwealth Equity Services LLC boosted its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 7.8% during the 4th quarter. Commonwealth Equity Services LLC now owns 5,640,003 shares of the company’s stock worth $333,550,000 after acquiring an additional 409,135 shares in the last quarter. Kestra Advisory Services LLC grew its holdings in First Trust NASDAQ Rising Dividend Achievers by 1.8% in the fourth quarter. Kestra Advisory Services LLC now owns 2,572,894 shares of the company’s stock valued at $152,161,000 after purchasing an additional 46,729 shares during the last quarter. Finally, Private Advisor Group LLC increased its holdings in First Trust NASDAQ Rising Dividend Achievers by 11.9% during the 4th quarter. Private Advisor Group LLC now owns 1,835,062 shares of the company’s stock valued at $108,526,000 after acquiring an additional 195,213 shares in the last quarter.

First Trust NASDAQ Rising Dividend Achievers Price Performance

Shares of RDVY opened at $58.45 on Friday. The firm has a 50 day simple moving average of $61.27 and a 200-day simple moving average of $60.55. The stock has a market cap of $12.75 billion, a price-to-earnings ratio of 14.78 and a beta of 1.15. First Trust NASDAQ Rising Dividend Achievers has a 1-year low of $52.78 and a 1-year high of $64.63.

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.