Synergy Asset Management LLC Takes Position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Synergy Asset Management LLC bought a new stake in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 5,010 shares of the company’s stock, valued at approximately $281,000.

A number of other institutional investors also recently modified their holdings of RDVY. Farmers & Merchants Investments Inc. acquired a new position in First Trust NASDAQ Rising Dividend Achievers during the fourth quarter worth $25,000. Hazlett Burt & Watson Inc. raised its holdings in First Trust NASDAQ Rising Dividend Achievers by 87.5% during 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 last quarter. PFG Private Wealth Management LLC acquired a new position in First Trust NASDAQ Rising Dividend Achievers during the fourth quarter worth $26,000. Arlington Trust Co LLC acquired a new position in First Trust NASDAQ Rising Dividend Achievers during the fourth quarter worth $29,000. Finally, Grove Bank & Trust acquired a new position in First Trust NASDAQ Rising Dividend Achievers during the fourth quarter worth $42,000.

First Trust NASDAQ Rising Dividend Achievers Trading Up 0.6 %

RDVY opened at $54.95 on Wednesday. The company’s fifty day moving average price is $54.76 and its two-hundred day moving average price is $53.46. First Trust NASDAQ Rising Dividend Achievers has a 1-year low of $43.30 and a 1-year high of $56.28. The company has a market cap of $10.40 billion, a price-to-earnings ratio of 10.08 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Thursday, June 27th were given a dividend of $0.2616 per share. This represents a $1.05 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date of this dividend was Thursday, June 27th.

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.