Curtis Advisory Group LLC Buys Shares of 19,383 First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Curtis Advisory Group LLC purchased a new position in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 19,383 shares of the company's stock, valued at approximately $1,002,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. International Assets Investment Management LLC lifted its position in First Trust NASDAQ Rising Dividend Achievers by 5,519.6% in the fourth quarter. International Assets Investment Management LLC now owns 6,615,517 shares of the company's stock valued at $341,824,000 after buying an additional 6,497,795 shares during the last quarter. Morgan Stanley increased its holdings in First Trust NASDAQ Rising Dividend Achievers by 8.1% in the 3rd quarter. Morgan Stanley now owns 12,995,589 shares of the company's stock valued at $597,147,000 after purchasing an additional 969,819 shares during the last quarter. Royal Bank of Canada raised its position in First Trust NASDAQ Rising Dividend Achievers by 36.3% in the first quarter. Royal Bank of Canada now owns 3,260,517 shares of the company's stock valued at $159,766,000 after purchasing an additional 868,610 shares during the period. LPL Financial LLC lifted its stake in First Trust NASDAQ Rising Dividend Achievers by 4.5% during the third quarter. LPL Financial LLC now owns 16,132,424 shares of the company's stock worth $741,285,000 after purchasing an additional 689,605 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. grew its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 10.6% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 5,803,282 shares of the company's stock valued at $299,856,000 after purchasing an additional 557,879 shares in the last quarter.

First Trust NASDAQ Rising Dividend Achievers Stock Down 1.2 %

NASDAQ RDVY traded down $0.67 during trading hours on Friday, hitting $53.94. 463,516 shares of the company were exchanged, compared to its average volume of 801,607. The company has a 50 day moving average of $53.60 and a two-hundred day moving average of $50.09. The firm has a market cap of $10.09 billion, a price-to-earnings ratio of 9.85 and a beta of 0.99. First Trust NASDAQ Rising Dividend Achievers has a 52-week low of $42.42 and a 52-week high of $56.28.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 22nd were issued a $0.2238 dividend. The ex-dividend date of this dividend was Thursday, March 21st. This represents a $0.90 dividend on an annualized basis and a dividend 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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