First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) Shares Bought by tru Independence LLC

tru Independence LLC lifted its position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 4.4% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 136,579 shares of the company’s stock after buying an additional 5,818 shares during the period. First Trust NASDAQ Rising Dividend Achievers comprises 2.3% of tru Independence LLC’s holdings, making the stock its 8th largest position. tru Independence LLC owned 0.07% of First Trust NASDAQ Rising Dividend Achievers worth $7,478,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in RDVY. Kingswood Wealth Advisors LLC increased its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 3.5% in the second quarter. Kingswood Wealth Advisors LLC now owns 5,573 shares of the company’s stock worth $305,000 after acquiring an additional 186 shares in the last quarter. IAG Wealth Partners LLC raised its holdings in First Trust NASDAQ Rising Dividend Achievers by 12.5% during the 1st quarter. IAG Wealth Partners LLC now owns 1,800 shares of the company’s stock worth $101,000 after buying an additional 200 shares during the period. Curtis Advisory Group LLC boosted its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 1.0% in the first quarter. Curtis Advisory Group LLC now owns 19,583 shares of the company’s stock valued at $1,100,000 after buying an additional 200 shares during the period. Kaydan Wealth Management Inc. increased its position in shares of First Trust NASDAQ Rising Dividend Achievers by 1.1% during the first quarter. Kaydan Wealth Management Inc. now owns 18,651 shares of the company’s stock worth $1,048,000 after acquiring an additional 206 shares in the last quarter. Finally, SteelPeak Wealth LLC raised its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 0.6% during the first quarter. SteelPeak Wealth LLC now owns 38,192 shares of the company’s stock worth $2,145,000 after acquiring an additional 223 shares during the period.

First Trust NASDAQ Rising Dividend Achievers Trading Down 1.2 %

Shares of NASDAQ RDVY opened at $56.04 on Friday. The company has a fifty day moving average price of $56.52 and a 200 day moving average price of $55.21. The firm has a market cap of $11.15 billion, a PE ratio of 10.08 and a beta of 1.15. First Trust NASDAQ Rising Dividend Achievers has a 1-year low of $43.30 and a 1-year high of $59.07.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Thursday, June 27th were issued a dividend of $0.2616 per share. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $1.05 dividend on an annualized basis and a dividend yield of 1.87%.

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.