Horizon Advisory Services Inc. Raises Holdings in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Horizon Advisory Services Inc. grew its position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 22.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 566,625 shares of the company’s stock after buying an additional 103,730 shares during the quarter. First Trust NASDAQ Rising Dividend Achievers accounts for approximately 19.2% of Horizon Advisory Services Inc.’s investment portfolio, making the stock its 2nd biggest holding. Horizon Advisory Services Inc.’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $33,510,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Sugarloaf Wealth Management LLC bought a new stake in shares of First Trust NASDAQ Rising Dividend Achievers in the fourth quarter valued at about $40,000. Sound Income Strategies LLC bought a new stake in shares of First Trust NASDAQ Rising Dividend Achievers in the fourth quarter valued at about $40,000. Eastern Bank bought a new stake in shares of First Trust NASDAQ Rising Dividend Achievers in the fourth quarter valued at about $57,000. Blue Trust Inc. lifted its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 2,807.1% in the fourth quarter. Blue Trust Inc. now owns 1,221 shares of the company’s stock valued at $72,000 after purchasing an additional 1,179 shares in the last quarter. Finally, Crewe Advisors LLC lifted its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 12.5% in the third quarter. Crewe Advisors LLC now owns 1,635 shares of the company’s stock valued at $97,000 after purchasing an additional 182 shares in the last quarter.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

NASDAQ:RDVY opened at $61.36 on Tuesday. The stock’s 50-day simple moving average is $61.24 and its 200 day simple moving average is $60.26. The company has a market cap of $13.39 billion, a P/E ratio of 14.00 and a beta of 1.15. First Trust NASDAQ Rising Dividend Achievers has a 52-week low of $52.26 and a 52-week high of $64.63.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were given a $0.2956 dividend. The ex-dividend date of this dividend was Friday, December 13th.

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.