Beacon Pointe Advisors LLC Boosts Stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Beacon Pointe Advisors LLC raised its holdings in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY - Free Report) by 58.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,605 shares of the company's stock after acquiring an additional 6,465 shares during the period. Beacon Pointe Advisors LLC's holdings in First Trust NASDAQ Rising Dividend Achievers were worth $1,041,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Cullen Frost Bankers Inc. purchased a new position in First Trust NASDAQ Rising Dividend Achievers in the 4th quarter worth approximately $25,000. Summit Investment Advisors Inc. lifted its stake in First Trust NASDAQ Rising Dividend Achievers by 195.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 443 shares of the company's stock worth $26,000 after purchasing an additional 293 shares during the last quarter. Graney & King LLC purchased a new position in shares of First Trust NASDAQ Rising Dividend Achievers during the 4th quarter valued at about $27,000. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in shares of First Trust NASDAQ Rising Dividend Achievers in the 4th quarter valued at $38,000. Finally, Sugarloaf Wealth Management LLC purchased a new stake in First Trust NASDAQ Rising Dividend Achievers during the 4th quarter valued at about $40,000.

First Trust NASDAQ Rising Dividend Achievers Price Performance

NASDAQ RDVY opened at $58.37 on Friday. First Trust NASDAQ Rising Dividend Achievers has a 1 year low of $50.27 and a 1 year high of $64.63. The stock has a market capitalization of $13.57 billion, a PE ratio of 13.97 and a beta of 1.15. The business's 50-day moving average is $57.28 and its 200 day moving average is $60.06.

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 $0.2544 dividend. The ex-dividend date was Thursday, March 27th. This represents a $1.02 annualized dividend and a yield of 1.74%. This is a boost from First Trust NASDAQ Rising Dividend Achievers's previous quarterly dividend of $0.19.

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.

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