Keystone Wealth Services LLC Raises Stock Position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Keystone Wealth Services LLC raised its stake in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 8.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 5,387 shares of the company’s stock after acquiring an additional 429 shares during the quarter. Keystone Wealth Services LLC’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $319,000 at the end of the most recent reporting period.

Several other institutional investors 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 about $40,000. Sound Income Strategies LLC purchased a new stake in First Trust NASDAQ Rising Dividend Achievers during the 4th quarter worth approximately $40,000. Eastern Bank acquired a new position in shares of First Trust NASDAQ Rising Dividend Achievers during the fourth quarter valued at approximately $57,000. Blue Trust Inc. lifted its position in shares of First Trust NASDAQ Rising Dividend Achievers by 2,807.1% in the fourth quarter. Blue Trust Inc. now owns 1,221 shares of the company’s stock valued at $72,000 after acquiring an additional 1,179 shares in the last quarter. Finally, Halbert Hargrove Global Advisors LLC acquired a new stake in shares of First Trust NASDAQ Rising Dividend Achievers in the fourth quarter worth approximately $74,000.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

Shares of RDVY opened at $60.34 on Tuesday. The stock has a 50 day moving average price of $61.41 and a 200 day moving average price of $60.49. The stock has a market capitalization of $13.16 billion, a price-to-earnings ratio of 14.00 and a beta of 1.15. First Trust NASDAQ Rising Dividend Achievers has a one year low of $52.78 and a one year 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. Stockholders of record on Friday, December 13th were given a $0.2956 dividend. The ex-dividend date was Friday, December 13th.

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.