Root Financial Partners LLC Has $1.57 Million Position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Root Financial Partners LLC lessened its holdings in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 8.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,603 shares of the company’s stock after selling 2,413 shares during the quarter. Root Financial Partners LLC’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $1,573,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Alliance Wealth Advisors LLC boosted its holdings in First Trust NASDAQ Rising Dividend Achievers by 3.4% in the third quarter. Alliance Wealth Advisors LLC now owns 54,680 shares of the company’s stock valued at $3,238,000 after acquiring an additional 1,813 shares during the last quarter. Cornerstone Wealth Management LLC lifted its position in shares of First Trust NASDAQ Rising Dividend Achievers by 5.5% in the 3rd quarter. Cornerstone Wealth Management LLC now owns 91,201 shares of the company’s stock worth $5,400,000 after purchasing an additional 4,762 shares during the period. Naviter Wealth LLC boosted its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 29.4% in the 3rd quarter. Naviter Wealth LLC now owns 168,192 shares of the company’s stock valued at $9,959,000 after purchasing an additional 38,232 shares during the last quarter. HFG Advisors Inc. increased its position in shares of First Trust NASDAQ Rising Dividend Achievers by 7.0% during the third quarter. HFG Advisors Inc. now owns 101,709 shares of the company’s stock worth $6,022,000 after buying an additional 6,636 shares during the period. Finally, Good Life Advisors LLC raised its stake in First Trust NASDAQ Rising Dividend Achievers by 2.8% during the third quarter. Good Life Advisors LLC now owns 280,718 shares of the company’s stock worth $16,621,000 after buying an additional 7,762 shares during the last quarter.

First Trust NASDAQ Rising Dividend Achievers Stock Up 1.1 %

RDVY stock opened at $62.25 on Friday. The firm has a market cap of $13.58 billion, a price-to-earnings ratio of 10.08 and a beta of 1.15. The company’s fifty day simple moving average is $61.21 and its 200 day simple moving average is $59.90. First Trust NASDAQ Rising Dividend Achievers has a 12-month low of $50.73 and a 12-month 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 dividend of $0.2956 per share. The ex-dividend date of this dividend 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.