Topsail Wealth Management LLC Acquires New Shares in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Topsail Wealth Management LLC acquired a new stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 15,982 shares of the company's stock, valued at approximately $945,000.

Several other hedge funds and other institutional investors have also made changes to their positions in RDVY. Cullen Frost Bankers Inc. acquired a new position in shares of First Trust NASDAQ Rising Dividend Achievers during the 4th quarter worth approximately $25,000. Summit Investment Advisors Inc. increased its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 195.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 443 shares of the company's stock valued at $26,000 after purchasing an additional 293 shares during the last quarter. Graney & King LLC bought a new position in shares of First Trust NASDAQ Rising Dividend Achievers in the fourth quarter valued at about $27,000. Sugarloaf Wealth Management LLC acquired a new stake in shares of First Trust NASDAQ Rising Dividend Achievers during the 4th quarter worth about $40,000. Finally, Sound Income Strategies LLC acquired a new position in shares of First Trust NASDAQ Rising Dividend Achievers in the fourth quarter valued at approximately $40,000.

First Trust NASDAQ Rising Dividend Achievers Price Performance

Shares of RDVY stock traded down $0.74 on Wednesday, hitting $56.40. 314,530 shares of the company's stock were exchanged, compared to its average volume of 832,922. The company has a 50 day moving average of $57.51 and a 200 day moving average of $60.11. The stock has a market cap of $13.12 billion, a P/E ratio of 13.97 and a beta of 1.15. First Trust NASDAQ Rising Dividend Achievers has a 12 month low of $50.27 and a 12 month high of $64.63.

First Trust NASDAQ Rising Dividend Achievers Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were issued a dividend of $0.2544 per share. The ex-dividend date of this dividend was Thursday, March 27th. This is a positive change from First Trust NASDAQ Rising Dividend Achievers's previous quarterly dividend of $0.19. This represents a $1.02 annualized dividend and a dividend yield of 1.80%.

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.