Bellevue Asset Management LLC Has $6.37 Million Stock Holdings in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Bellevue Asset Management LLC boosted its stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY - Free Report) by 46.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 123,213 shares of the company's stock after buying an additional 38,971 shares during the period. First Trust NASDAQ Rising Dividend Achievers accounts for approximately 3.9% of Bellevue Asset Management LLC's investment portfolio, making the stock its 5th largest holding. Bellevue Asset Management LLC owned 0.07% of First Trust NASDAQ Rising Dividend Achievers worth $6,366,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in RDVY. Beaumont Financial Advisors LLC acquired a new position in shares of First Trust NASDAQ Rising Dividend Achievers during the fourth quarter worth approximately $2,546,000. Perigon Wealth Management LLC grew its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 365.8% in the fourth quarter. Perigon Wealth Management LLC now owns 60,833 shares of the company's stock worth $3,143,000 after purchasing an additional 47,774 shares in the last quarter. Twin Peaks Wealth Advisors LLC acquired a new position in shares of First Trust NASDAQ Rising Dividend Achievers during the fourth quarter valued at $1,665,000. Atria Wealth Solutions Inc. increased its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 13.9% during the fourth quarter. Atria Wealth Solutions Inc. now owns 494,573 shares of the company's stock valued at $25,555,000 after purchasing an additional 60,369 shares during the period. Finally, RVW Wealth LLC raised its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 4.4% during the fourth quarter. RVW Wealth LLC now owns 615,092 shares of the company's stock valued at $31,782,000 after purchasing an additional 25,894 shares in the last quarter.

First Trust NASDAQ Rising Dividend Achievers Trading Up 0.9 %

RDVY stock traded up $0.47 during trading on Friday, hitting $54.19. The company had a trading volume of 634,652 shares, compared to its average volume of 786,011. The firm has a market capitalization of $10.26 billion, a price-to-earnings ratio of 9.78 and a beta of 1.15. The business has a 50 day moving average of $54.32 and a 200 day moving average of $51.07. First Trust NASDAQ Rising Dividend Achievers has a fifty-two week low of $42.42 and a fifty-two week high of $56.28.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The business 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. This represents a $0.90 annualized dividend and a dividend yield of 1.65%. The ex-dividend date of this dividend was Thursday, March 21st.

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.