ProVise Management Group LLC Has $503,000 Stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

ProVise Management Group LLC lifted its holdings in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 26.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,182 shares of the company’s stock after acquiring an additional 1,903 shares during the quarter. ProVise Management Group LLC’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $503,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Kingswood Wealth Advisors LLC boosted its stake in 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 purchasing an additional 186 shares in the last quarter. Curtis Advisory Group LLC grew its holdings in First Trust NASDAQ Rising Dividend Achievers by 1.0% during the 1st quarter. Curtis Advisory Group LLC now owns 19,583 shares of the company’s stock worth $1,100,000 after acquiring an additional 200 shares during the last quarter. Kaydan Wealth Management Inc. grew its holdings in First Trust NASDAQ Rising Dividend Achievers by 1.1% during the 1st 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 during the last quarter. SteelPeak Wealth LLC increased its position in First Trust NASDAQ Rising Dividend Achievers by 0.6% in the 1st quarter. SteelPeak Wealth LLC now owns 38,192 shares of the company’s stock valued at $2,145,000 after acquiring an additional 223 shares in the last quarter. Finally, Arkadios Wealth Advisors raised its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 0.3% in the second quarter. Arkadios Wealth Advisors now owns 71,312 shares of the company’s stock worth $3,904,000 after acquiring an additional 228 shares during the last quarter.

First Trust NASDAQ Rising Dividend Achievers Trading Down 0.8 %

Shares of RDVY stock opened at $58.75 on Friday. First Trust NASDAQ Rising Dividend Achievers has a 1 year low of $43.30 and a 1 year high of $59.33. The firm’s 50 day moving average is $57.00 and its 200-day moving average is $55.52. The firm has a market capitalization of $11.69 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 disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, June 27th were issued a dividend of $0.2616 per share. This represents a $1.05 annualized dividend and a yield of 1.78%. The ex-dividend date was Thursday, June 27th.

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.