Flagstar Advisors Inc. Boosts Holdings in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Flagstar Advisors Inc. raised its stake in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 2.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 59,578 shares of the company’s stock after buying an additional 1,155 shares during the period. Flagstar Advisors Inc.’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $3,523,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Sugarloaf Wealth Management LLC acquired a new position in shares of First Trust NASDAQ Rising Dividend Achievers during the 4th quarter worth approximately $40,000. Sound Income Strategies LLC acquired a new position in shares of First Trust NASDAQ Rising Dividend Achievers in the 4th quarter valued at $40,000. Eastern Bank acquired a new stake in First Trust NASDAQ Rising Dividend Achievers in the 4th quarter valued at approximately $57,000. Blue Trust Inc. increased its stake in First Trust NASDAQ Rising Dividend Achievers by 2,807.1% during the fourth quarter. Blue Trust Inc. now owns 1,221 shares of the company’s stock worth $72,000 after purchasing an additional 1,179 shares during the period. Finally, Crewe Advisors LLC raised its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 12.5% in the third quarter. Crewe Advisors LLC now owns 1,635 shares of the company’s stock valued at $97,000 after acquiring an additional 182 shares in the last quarter.

First Trust NASDAQ Rising Dividend Achievers Price Performance

NASDAQ:RDVY opened at $63.25 on Wednesday. The firm has a market capitalization of $13.80 billion, a PE ratio of 10.08 and a beta of 1.15. The business’s fifty day moving average price is $61.19 and its 200 day moving average price is $60.02. First Trust NASDAQ Rising Dividend Achievers has a 12 month low of $51.50 and a 12 month high of $64.63.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were given a dividend of $0.2956 per share. The ex-dividend date was Friday, December 13th.

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.