POM Investment Strategies LLC Has $8.06 Million Stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

POM Investment Strategies LLC raised its holdings in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 0.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 136,217 shares of the company’s stock after buying an additional 1,021 shares during the period. First Trust NASDAQ Rising Dividend Achievers comprises about 6.1% of POM Investment Strategies LLC’s holdings, making the stock its 8th largest position. POM Investment Strategies LLC owned approximately 0.06% of First Trust NASDAQ Rising Dividend Achievers worth $8,056,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in RDVY. International Assets Investment Management LLC lifted its position in First Trust NASDAQ Rising Dividend Achievers by 5,796.9% in the 3rd quarter. International Assets Investment Management LLC now owns 6,803,294 shares of the company’s stock valued at $402,823,000 after acquiring an additional 6,687,924 shares in the last quarter. LPL Financial LLC raised its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 4.9% in 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 last quarter. JPMorgan Chase & Co. lifted its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 135.8% in the third quarter. JPMorgan Chase & Co. now owns 1,128,835 shares of the company’s stock valued at $66,838,000 after purchasing an additional 650,194 shares in the last quarter. Commonwealth Equity Services LLC boosted its position in shares of First Trust NASDAQ Rising Dividend Achievers by 12.9% during the third quarter. Commonwealth Equity Services LLC now owns 5,230,868 shares of the company’s stock valued at $309,720,000 after buying an additional 596,099 shares during the last quarter. Finally, HighTower Advisors LLC grew its holdings in First Trust NASDAQ Rising Dividend Achievers by 47.3% during the third quarter. HighTower Advisors LLC now owns 1,267,282 shares of the company’s stock worth $75,007,000 after buying an additional 406,747 shares in the last quarter.

First Trust NASDAQ Rising Dividend Achievers Trading Up 0.4 %

NASDAQ RDVY opened at $62.34 on Tuesday. The business has a fifty day simple moving average of $61.31 and a 200 day simple moving average of $59.82. First Trust NASDAQ Rising Dividend Achievers has a 12 month low of $50.24 and a 12 month high of $64.63. The firm has a market capitalization of $13.60 billion, a P/E ratio of 10.08 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

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