Mpwm Advisory Solutions LLC Buys Shares of 4,828 First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Mpwm Advisory Solutions LLC purchased a new position in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 4,828 shares of the company's stock, valued at approximately $286,000.

Several other hedge funds also recently modified their holdings of the business. Cullen Frost Bankers Inc. bought a new stake in shares of First Trust NASDAQ Rising Dividend Achievers during the 4th quarter worth $25,000. Summit Investment Advisors Inc. grew its position 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 acquired a new position in shares of First Trust NASDAQ Rising Dividend Achievers during the 4th quarter worth about $27,000. Marshall & Sterling Wealth Advisors Inc. bought a new stake in First Trust NASDAQ Rising Dividend Achievers during the 4th quarter valued at approximately $38,000. Finally, Sound Income Strategies LLC acquired a new stake in First Trust NASDAQ Rising Dividend Achievers in the 4th quarter valued at approximately $40,000.

First Trust NASDAQ Rising Dividend Achievers Stock Down 0.1%

Shares of NASDAQ RDVY opened at $61.48 on Tuesday. The business's 50 day moving average is $57.31 and its two-hundred day moving average is $60.07. The company has a market cap of $14.32 billion, a P/E ratio of 14.58 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. Shareholders of record on Thursday, March 27th were issued a $0.2544 dividend. The ex-dividend date of this dividend was Thursday, March 27th. This is an increase from First Trust NASDAQ Rising Dividend Achievers's previous quarterly dividend of $0.19. This represents a $1.02 dividend on an annualized basis and a yield of 1.66%.

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.

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