Sovereign Financial Group Inc. Has $6.80 Million Stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Sovereign Financial Group Inc. boosted its holdings in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 5.5% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 114,762 shares of the company’s stock after purchasing an additional 6,005 shares during the quarter. First Trust NASDAQ Rising Dividend Achievers accounts for about 1.6% of Sovereign Financial Group Inc.’s portfolio, making the stock its 12th largest holding. Sovereign Financial Group Inc. owned approximately 0.06% of First Trust NASDAQ Rising Dividend Achievers worth $6,795,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of RDVY. Harbour Investments Inc. raised its position in shares of 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 valued at $27,118,000 after buying an additional 52,344 shares in the last quarter. Consolidated Portfolio Review Corp raised its position in shares of First Trust NASDAQ Rising Dividend Achievers by 7.9% in the 2nd quarter. Consolidated Portfolio Review Corp now owns 118,045 shares of the company’s stock valued at $6,463,000 after buying an additional 8,618 shares in the last quarter. tru Independence LLC raised its position in shares of First Trust NASDAQ Rising Dividend Achievers by 19.6% in the 1st quarter. tru Independence LLC now owns 130,761 shares of the company’s stock valued at $7,345,000 after buying an additional 21,436 shares in the last quarter. Willner & Heller LLC acquired a new position in shares of First Trust NASDAQ Rising Dividend Achievers in the 4th quarter valued at approximately $1,957,000. Finally, Blair William & Co. IL raised its position in shares of First Trust NASDAQ Rising Dividend Achievers by 9.3% in the 1st quarter. Blair William & Co. IL now owns 351,981 shares of the company’s stock valued at $19,771,000 after buying an additional 30,086 shares in the last quarter.

First Trust NASDAQ Rising Dividend Achievers Trading Down 0.2 %

Shares of NASDAQ:RDVY opened at $58.92 on Wednesday. The firm has a 50 day moving average of $57.35 and a 200-day moving average of $55.91. The stock has a market capitalization of $12.04 billion, a PE ratio of 10.08 and a beta of 1.15. First Trust NASDAQ Rising Dividend Achievers has a 12 month low of $43.30 and a 12 month high of $59.62.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The business also recently disclosed 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. This represents a $0.76 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date of this dividend was Thursday, September 26th.

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.