Stratos Investment Management LLC Purchases Shares of 4,319 First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Stratos Investment Management LLC purchased a new stake in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) during the 4th quarter, HoldingsChannel reports. The firm purchased 4,319 shares of the company’s stock, valued at approximately $255,000.

Other hedge funds have also recently modified their holdings of the company. Spectrum Wealth Advisory Group LLC purchased a new stake in shares of First Trust NASDAQ Rising Dividend Achievers in the third quarter worth about $12,392,000. D.A. Davidson & CO. boosted its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 4.5% in the third quarter. D.A. Davidson & CO. now owns 674,180 shares of the company’s stock worth $39,918,000 after buying an additional 29,294 shares during the last quarter. Claro Advisors LLC boosted its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 29.3% in the third quarter. Claro Advisors LLC now owns 62,771 shares of the company’s stock worth $3,717,000 after buying an additional 14,235 shares during the last quarter. Elios Financial Group Inc. purchased a new stake in shares of First Trust NASDAQ Rising Dividend Achievers in the third quarter worth about $6,731,000. Finally, ORG Partners LLC boosted its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 259.3% in the fourth quarter. ORG Partners LLC now owns 202,120 shares of the company’s stock worth $11,953,000 after buying an additional 145,866 shares during the last quarter.

First Trust NASDAQ Rising Dividend Achievers Stock Up 0.7 %

Shares of RDVY opened at $62.88 on Thursday. First Trust NASDAQ Rising Dividend Achievers has a 52 week low of $50.24 and a 52 week high of $64.63. The company has a market capitalization of $13.70 billion, a price-to-earnings ratio of 10.08 and a beta of 1.15. The stock’s 50-day moving average price is $61.40 and its 200-day moving average price is $59.71.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Investors 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 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.