Northwest Financial Advisors Makes New Investment in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Northwest Financial Advisors purchased a new position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 40,059 shares of the company's stock, valued at approximately $2,070,000. First Trust NASDAQ Rising Dividend Achievers makes up approximately 1.8% of Northwest Financial Advisors' holdings, making the stock its 9th largest holding.

A number of other institutional investors have also recently made changes to their positions in the stock. Farmers & Merchants Investments Inc. bought a new stake in shares of First Trust NASDAQ Rising Dividend Achievers in the 4th quarter worth approximately $25,000. Hazlett Burt & Watson Inc. increased its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 87.5% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 478 shares of the company's stock worth $25,000 after buying an additional 223 shares during the period. PFG Private Wealth Management LLC bought a new stake in shares of First Trust NASDAQ Rising Dividend Achievers in the 4th quarter valued at about $26,000. Arlington Trust Co LLC purchased a new stake in First Trust NASDAQ Rising Dividend Achievers during the 4th quarter valued at about $29,000. Finally, Grove Bank & Trust bought a new position in First Trust NASDAQ Rising Dividend Achievers during the 4th quarter worth approximately $42,000.

First Trust NASDAQ Rising Dividend Achievers Trading Down 0.1 %

Shares of NASDAQ:RDVY traded down $0.04 during trading on Friday, reaching $55.24. 501,334 shares of the company traded hands, compared to its average volume of 777,794. First Trust NASDAQ Rising Dividend Achievers has a 52-week low of $42.93 and a 52-week high of $56.28. The firm has a market capitalization of $10.45 billion, a price-to-earnings ratio of 9.78 and a beta of 1.15. The business's fifty day moving average is $54.54 and its 200-day moving average is $51.40.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 22nd were given a $0.2238 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date of this dividend was Thursday, March 21st.

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.