Howard Financial Services LTD. Buys 9,259 Shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Howard Financial Services LTD. raised its stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 4.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 201,210 shares of the company’s stock after purchasing an additional 9,259 shares during the quarter. First Trust NASDAQ Rising Dividend Achievers accounts for about 1.7% of Howard Financial Services LTD.’s portfolio, making the stock its 20th biggest position. Howard Financial Services LTD. owned approximately 0.10% of First Trust NASDAQ Rising Dividend Achievers worth $11,914,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. Harbour Investments Inc. grew its position in First Trust NASDAQ Rising Dividend Achievers by 11.1% in the 4th quarter. Harbour Investments Inc. now owns 524,830 shares of the company’s stock worth $27,118,000 after purchasing an additional 52,344 shares in the last quarter. Consolidated Portfolio Review Corp grew its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 7.9% in the second quarter. Consolidated Portfolio Review Corp now owns 118,045 shares of the company’s stock valued at $6,463,000 after acquiring an additional 8,618 shares in the last quarter. tru Independence LLC increased its position in shares of First Trust NASDAQ Rising Dividend Achievers by 19.6% during the first quarter. tru Independence LLC now owns 130,761 shares of the company’s stock valued at $7,345,000 after acquiring an additional 21,436 shares during the last quarter. Willner & Heller LLC bought a new stake in First Trust NASDAQ Rising Dividend Achievers during the fourth quarter worth $1,957,000. Finally, Blair William & Co. IL boosted its position in First Trust NASDAQ Rising Dividend Achievers by 9.3% in the first quarter. Blair William & Co. IL now owns 351,981 shares of the company’s stock worth $19,771,000 after purchasing an additional 30,086 shares during the last quarter.

First Trust NASDAQ Rising Dividend Achievers Price Performance

Shares of NASDAQ:RDVY opened at $58.92 on Wednesday. First Trust NASDAQ Rising Dividend Achievers has a 1 year low of $43.30 and a 1 year high of $59.62. The company has a market capitalization of $12.04 billion, a PE ratio of 10.08 and a beta of 1.15. The business has a fifty day moving average price of $57.35 and a two-hundred day moving average price of $55.91.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were given a dividend of $0.1912 per share. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $0.76 annualized dividend and a yield of 1.30%.

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.