Captrust Financial Advisors Makes New $247,000 Investment in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Captrust Financial Advisors bought a new position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 4,178 shares of the company’s stock, valued at approximately $247,000.

Several other hedge funds have also added to or reduced their stakes in RDVY. Brookstone Capital Management bought a new stake in First Trust NASDAQ Rising Dividend Achievers in the second quarter worth $213,000. Focus Financial Network Inc. raised its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 2.9% in the second quarter. Focus Financial Network Inc. now owns 53,009 shares of the company’s stock worth $3,058,000 after purchasing an additional 1,508 shares during the last quarter. Capital Advisory Group Advisory Services LLC raised its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 5.6% in the second quarter. Capital Advisory Group Advisory Services LLC now owns 26,769 shares of the company’s stock worth $1,466,000 after purchasing an additional 1,423 shares during the last quarter. Concourse Financial Group Securities Inc. raised its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 31.2% in the second quarter. Concourse Financial Group Securities Inc. now owns 45,576 shares of the company’s stock worth $2,495,000 after purchasing an additional 10,835 shares during the last quarter. Finally, WESPAC Advisors SoCal LLC raised its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 45.7% in the second quarter. WESPAC Advisors SoCal LLC now owns 58,678 shares of the company’s stock worth $3,213,000 after purchasing an additional 18,403 shares during the last quarter.

First Trust NASDAQ Rising Dividend Achievers Price Performance

RDVY stock opened at $61.43 on Monday. First Trust NASDAQ Rising Dividend Achievers has a 1-year low of $49.60 and a 1-year high of $64.63. The business has a fifty day moving average price of $61.54 and a 200-day moving average price of $58.21. The stock has a market capitalization of $12.66 billion, a P/E ratio of 10.08 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be given a dividend of $0.2956 per share. The ex-dividend date is 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.